Mad Money Lightning Round: Cramer Likes Siemens

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Siemens (NYSE: SI) is the “cheapest stock in Europe and I want to buy it."

For RF Micro Devices (NASDAQ: RFMD), he said, "We had a big run in that one. I want to go (sell). Business is too up or down these days."

Cramer said that Waste Management (NYSE: WM) has been “going well and I continue to want to buy it."

For SandRidge Mississippian Trust (NYSE: SDT), he said, "Oil is pretty hot, but that's a variable dividend that will vary over time."

Cramer believes that Salesforce.com (NYSE: CRM) was “oversold. I'll have you look at Lululemon Athletica (NASDAQ: LULU), another momentum stock that got hit hard and bounced back. Both are good."

He advises investors not to buy Sprint Nextel (NYSE: S). He said, “It's too risky." For AT&T (NYSE: T), he said, "They're doing a lot of things right and I feel pretty good."

Cramer said that Green Mountain Coffee Roasters (NASDAQ: GMCR) is “nothing other than a dead cat bounce and a short squeeze. There's nothing going on there."