Lightning Round: Exxon Mobil, Parker Hannifin, Sprint Nextel and More

Exxon Mobil : When it comes to oil and gas companies, Cramer prefers ConocoPhillips because "it has more power."

Parker Hannifin : This is a very inexpensive stock, Cramer said. He's a buyer.

American Capital Agency : Go with Annaly Capital Management instead, Cramer said.

Sprint Nextel : Cramer praised CEO Dan Hesse and called this stock a "buy."

Caterpillar : The "Mad Money" host would buy this stock on weakness. He thinks it could go higher over the course of the year ahead.

Tornier : Ring the register on this health care name, Cramer said. He thinks it's time to move on.

Abbott Laboratories : Although its latest quarterly results were seen as a disappointment by some, Cramer thought it was a good quarter. He recommends investors stick with ABT.

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

Call Cramer: 1-800-743-CNBC

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