Jim Cramer's Mad Money Lightning Round Picks 5/3

Lightning Round stock picks from Jim Cramer's Wednesday May 3 Mad Money TV program. Click on a stock ticker for more analysis:

Bullish calls:

KFX (AMEX:KFX)
Blockbuster Inc (BBI) -- 'they're making a turn... I like it to $5.50'
Goldcorp Inc (GG) - 'if it pulls back to 34, do a mon-back'
Powerwave Technologies Inc (PWAV) -- 'variable... let's give them one more quarter, see if that one quarter wasn't an abberation'
Teva Pharmaceutical Industries Ltd (TEVA)
Dr. Reddy's Laboratories (RDY)
Crystallex International (AMEX:KRY)
AGCO Corporation (AG)
Headwaters Inc (HW) -- 'alternative energy company... one of handful that actually makes money'
Schlumberger (NYSE:SLB)
National Oilwell Varco Inc (NOV)
Consol Energy (NYSE:CNX)
Peabody Energy Corp (BTU)
Brown Shoe Company (BWS)

Bearish calls:

Plug Power (PLUG) -- 'good relationship with Honda, but that's not reason enough to buy'
King Pharmaceuticals (KG)
Broadcom (BRCM)
ConAgra Foods Inc (CAG)
Imax Corporation (IMAX)
Bronco Drilling (NASDAQ:BRNC)
Steve Madden Ltd (SHOO) -- 'we recommended it about 25 points ago... I'd ring the register'