It's Time for the Lightning Round!

Ionatron : This is a speculative play only. The stock has pulled back a bit since Cramer first recommended it, but he thinks it will work its way back north. He’s sticking with it.

Diageo : Diageo has been known to suffer pullbacks as it trends upward, Cramer says, and these may offer a good opportunity for buyers to get into a position. He likes the stock for his charitable trust but recognizes that it is getting pricey.

Jeffries : “The options activity here is running thick,” Cramer says, based on speculation that the company is for sale. But he’s skeptical because thinks Chairman, CEO and President Richard Handler is too young to let go of Jeffries. Cramer says JEF is an inexpensive stock, so he’d rather recommend in on earnings. If it gets a takeover offer, that’s just gravy. Handler’s father is Cramer's tax accountant.

Moog : “I like Moog.”

Tanzanian Royal : “We are very nervous about this one.” Cramer thinks these cheaper gold companies are too risky. He prefers Yamana Gold, Kinross and Golden Resources. Cramer had been recommending Crystallex, but "that thing is out of control now at $4.46," he says.

Starbucks : “I don’t like Starbucks here. The quarter wasn’t that good.” Cramer likes Chipotle instead. Starbucks gets a “don’t buy.”

Trina Solar : Cramer says no to TSL, but yes to First Solar. But if Home Gamers want to get in FLSR, they should wait until after next week’s lock-up expiration. “I want to be cautious,” Cramer says, so wait for a pullback.

Charter Communications : If the stock goes below $3.40, Cramer would pull the trigger – but not until then.

Bank of America : “I don’t know what to do with Bank of America.” Cramer wishes BAC would stop making so many acquisitions because he thinks that would propel the stock forward. Don’t buy! Cramer prefers Goldman Sachs.

Allegheny Tech : “I think this stock is done its pullback…I say buy ATI right here.”

Brookfield Asset Management : “This could be the next Warren Buffet stock. This could be the next Berkshire Hathaway…I’m liking what I see.”

Jim's charitable trust owns Diageo and Goldman Sachs.

Questions? Comments?