Mad Money Lightning Round: Cramer Likes Pepsico

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Cablevision Systems (NYSE: CVC) is “really low, but that stock doesn't have any catalyst. I'm a buyer, though, because of its 4% yield."

For Research In Motion (NASDAQ: RIMM), he said, "I think that Apple (NASDAQ: AAPL) is carving them up and this is not the time to own RIM. That one goes lower."

Cramer said, “I've been a champion of Deckers Outdoor (NASDAQ: DECK), but if you haven't taken profits, now's the time."

For Pepsico (NYSE: PEP), Jim said, "I think the long-term growth is good. I think the yield it good."

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