It's Time for the Lightning Round!

Great Lakes Drudge & Dock : Cramer would back up the truck on GLDD at its present level.

Gerdau AmeriSteel : “I like steel. I like Reliance Steel. I like Gerdau.” Cramer also says the investors have a chance to buy Allegheny Tech 12 points down from where he thinks it should be.

Allis-Chalmers : “Good but not great.” With Halliburton as cheap as it is right now, Cramer would have to go with that.

Warner Music Group : “That stock at a 52-week low is just an unbelievably bad stock. That dividend is all that keeps it afloat.” Sell, sell, sell!

Air Products & Chemicals : “I think you could tack on 20 more points before that stock got too expensive.”

Seagate Tech : Cramer calls investing in Seagate dead money, and there are too many great stocks out there to waste time with this one.

Petsmart : “That’s a real good company.” This is one of the few retailers, along with GameStop and Sears, that Cramer is recommending right now.

optionsXpress : Cramer says this is one of the cheapest brokerage stocks in the market.

Aventine Renewable : “No! Don’t even look at it.”

Jack in the Box : Cramer says this is one of the best chains on earth. “Jack in the Box is money in the bank.”

Steel Dynamics : The best Cramer can give STLD is a maybe. He’d rather see Home Gamers in Allegheny Tech or Reliance .

CMGI : “It’s just not for me.” Cramer prefers Dynegy if investors want a speculation play.

Jim’s charitable trust owns Halliburton and Sears Holdings.

Questions? Comments?