Mad Money Lightning Round: Cramer Likes GM, Waste Management (GM, WM, GGP, FRT, CNP, S, T, PEG)

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he believes in General Motors GM. This stock is a long-term play and there is value there." He believes that Waste Management WM is a “fabulous stock. They give you a great return and I like it." For General Growth Properties GGP, he said, "No, that's not as good as Federal Realty Investment Trust FRT and I like to own quality." Cramer said that CenterPoint Energy CNP is a “good utility. I would hold onto it. That's a good stock." For Sprint Nextel S, he said, "I'm a big Sprint fan and I'm rooting for the underdog, but ultimately I think the AT&T T deal goes through and that's bad news for Sprint." Jim said that Public Service Enterprise PEG is a “good stock with good growth and I want you to hold onto it." Read more on Jim's Views On Benzinga