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'Mad Money' Lightning Round: Buy MGM

Tickers in this article: ABMD BGCP BIDU CFX CSR DAN F FXI MGM PDS SLB
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NEW YORK (TheStreet) -- Here's what Jim Cramer had to say about some of the stocks callers offered up during the "Mad Money Lightning Round" on CNBC last night:

Asked about MGM (MGM) versus Ceasars Entertainment (CZR) , Cramer said MGM is "doing a lot of things right." He'd buy MGM but "lay off Ceasars."

Colfax (CFX) "is pitching like (Sandy) Koufax," Cramer said. "We will ride with strength."

Baidu (BIDU) : No, you need to diversify if you want to play China. That's why my charitable trust is invested in iShares FTSE China 25 Index Fund (FXI) ."

On Precision Drilling (PDS) , Cramer said he'd prefer to see the caller invest in "Schlumberger (SLB) because "nobody ever did wrong buying a best of breed" company.

Abiomed (ABMD) : I can't make heads or tails of what's going on with that company. I need more information. I'd have to speak to the CEO."

Dana Holdings (DAN) : If you're going to get into automotive, I'd bless Ford (F) .

BGC Partners (BGCP) : "Unbelievably bad," Cramer said. "There's not much more to say."

To read a full recap of "Mad Money" on CNBC, click here.

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To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

-- Written by Margo D. Beller in New York.