Mad Money

Lightning Round: It's a buy when the Fed tightens

It's that time again! The Lightning Round bell has rung, and Jim Cramer gives his take on a few favorite audience stocks:

H&E Equipment Services Inc: "You know if United Rentals isn't doing that well, these guys aren't going to do that well... Therefore my advice is that you take your lumps, because that one is not coming back any time soon."

Lowes Companies: "You should be a buyer of Lowes. I do prefer Home Depot, but Lowe's is real good."

Agenus Inc: "I think it's fine. I don't want to baby with it, but it's fine."

Integrated Device Technology Inc: "IDTI is terrific. It got a little fired up, but it's good. That whole group has been rolling over for the last couple of days. I wouldn't worry about it, let them settle in. They're hot stocks, and that happens periodically."

KKR & Co LP: "I don't want any trucks backing up because the Fed is about to raise rates, and high yielding stocks are going to come in. So the next traunch that you buy, you must wait for the signal that the Fed is going to raise because these stocks will come down and that's just the way it's always been. It's the way it will be this time."

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CSX Corp: "Here's the problem: the problem is coal. These guys have to anniversary how bad the coal numbers are and they're not getting any better. I want you to be very careful, rails, you have to see their quarters and have the numbers cut. That's when Union Pacific, Norfolk Southern and CSX. Only then can you pull the trigger."

Plum Creek Timber: "This is that level where the 4 percenters are going yield 5, because the stocks are all going down because the Fed is going to tighten. That's what happens. You have to keep your powder dry and only then can you pull the trigger."

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