Lightning Round: Raytheon, Peabody Energy, Arris Group and More

Raytheon : The stock took a hit on proposed cuts to the U.S. Department of Defense's budget, Cramer said. Cut your position in half on any pop, he added.

Peabody Energy : Cramer is a believer in coal energy. He'd buy BTU right now.

Arris Group : This communications company is just too inconsistent for Cramer.

NovaGold Resources : Cramer likes this gold miner, which he said has the largest gold mine in North America.

Toreador Resources : The stock is struggling on word the French government may not let this company drill. Cramer thinks it's nonsense, though. He's a buyer.

Procter & Gamble : Cramer would pull the trigger on this stock should it fall to $60 a share.

Cisco Systems : The "Mad Money" host would rather own EMC .

Georgia Gulf : Cramer admits he missed this one. He's waiting for a pullback.

Verifone Systems : This is a good retail phone play and it likely goes higher, Cramer said.

Medtronic : Cramer thinks this stock has flat-lined, but being as medical device makers are being helped by health care reform, he thinks it may go higher.

When this story was published, Cramer's charitable trust owned NovaGold.

Call Cramer: 1-800-743-CNBC

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