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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Tuesday November 20.

Bullish Calls:

iShares FTSE China 25 Index (NYSEARCA:FXI): "I think China is going to have a remarkable turnaround, and FXI is the way to play it."

Duke Energy (NYSE:DUK): " I think you pick up the 5% yield. It is terrific. DUK is out of favor, so I like it even more."

Cisco (NASDAQ:CSCO): "Listen to that conference call. It was terrific. Buy Cisco."

Plains All American (NYSE:PAA): "Stop looking and start buying. That is precisely the stock I want you to buy, because people feel there might be peace in the Middle East. I think that company has a great product and it is a growth company."

Bearish Calls:

Chimera (NYSE:CIM): "It is hard to understand. People regard it as an option on mortgage. I regard it as an unfathomable piece of paper. I think you sell it."

Delta Air Lines (NYSE:DAL): "I like the press it is getting. I would like it if you had to own airline stock, but you don’t need to own an airline stock, so I don’t want you to own it."

Hewlett-Packard (NYSE:HPQ): "HPQ is in disarray. Sell HPQ."

Western Union (NYSE:WU): "No, that was one of the most discouraging conference calls I was on…I had no idea how bad they were doing until I went through the conference call. You don’t touch that."

Qihoo 360 (NYSE:QIHU): Cramer recommends the FXI rather than individual Chinese stocks.

Applied Micro Circuits (NASDAQ:AMCC): "They are way too at the mercy of big buyers of technology."

Intel (NASDAQ:INTC): "I’m not going to tell someone to sell this stock with a 4.6% yield. I am going to say wait until it goes to 4% for a bounce, because I do believe the yield will support it, but I don’t see any reason why you should own it. Sell it only after a bounce when the yield drops to 4%."

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Source: Cramer's Lightning Round - Chimera Is An Unfathomable Piece Of Paper (11/20/12)