It's Time for the Lightning Round!

Caterpillar : Cramer sees a “big upside surprise” in CAT. It’s “done going down,” he said.

Level 3 Communications : This is a play on the shortage of internet bandwidth, but until we see that shortage, the stock isn’t likely to move, Cramer said. But once the shortage comes, you’re going to want to be in LVLT. “You can’t wait and then buy it – you have to keep in it now,” he said.

Allscripts Healthcare Solutions : Companies that do healthcare cost containment like Medco or MDRX are “just fantastic in this market,” Cramer said. He’s giving Allscripts a triple buy.

Cheesecake Factory : It has come down a lot and is a decent buy right here, Cramer said, although the company needs to put up more stores. “Let’s pull the trigger on some CAKE.”

Johnson Controls : “I think JCI is going back up,” Cramer said. “This is a classic example of what you should be buying right now.”

Amyln : “Biotech is back.” Cramer is bullish on Amyln as well as Amgen , which he is just now coming around on.

Ladish : It’s uniquely levered to aerospace and that makes this a great buy, Cramer said. He also likes Woodward Governor in the space.

Sun Microsystems : “At last! Sun Micro is back!” Cramer said. He’s hated this company for a decade, but after an “unbelievable” quarter, Cramer thinks it’s just the beginning for SUNW.

Ryerson : As good as Ryerson is, Cramer said, Reliance Steel is even better.

Google : It’s resting. It’s done going down. Cramer thinks Google is going back to its high.

Whirlpool : A terrible quarter puts Whirpool in Cramer’s ‘don’t buy’ pile.

Jim's charitable trust owns XTO Energy and Caterpillar.

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