'Mad Money' Lightning Round: Get Out of Arch Coal, Buy EMC

Tickers in this article: ACI BAC EMC MFA MSFT
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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:

EMC (EMC) : This is one of the largest positions of my charitable trust, Action Alerts PLUS. It has been a winner so buy, buy, buy."

MFA Mortgage (MFA) : "I'm getting nervous about mortgages. Be careful here."

Microsoft (MSFT) : "This does not yield enough to intrigue me. It's in no-man's land and I don't like being in no-man's land."

Arch Coal (ACI) : "I'm an incredible bear on this stock. Get out of Arch Coal."

Bank of America (BAC) : This is not my favorite bank" despite the stock being inexpensive "but it will do well if we go over the fiscal cliff."

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