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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Monday December 10.

Bullish Calls:

Regal-Beloit (NYSE:RBC): "That is a great industrial company. It has done nothing for a long time. I want you to stick with it. RBC has a great yield and is a well-run company. I've liked it for 35 years."

FirstEnergy (NYSE:FE): "This has been going down along with the rest of the utilities. Take 50% here, and when it drops, buy the second half."

Bearish Calls:

Tesla Motors (NASDAQ:TSLA): "The cars are good-looking and the stock is very expensive. TSLA is cash flow positive. I don't like Tesla, but that doesn't mean it won't go higher. So many people are betting against it."

Mellanox (NASDAQ:MLNX): "I don't trust it anymore. I don't like the situation."

Northern Tier Energy (NYSE:NTI): "I don't trust that yield. It is gigantic and may end up being a red flag."

PNC Financial (NYSE:PNC): "I don't like PNC. It is one of my least favorites. They have not been able to make numbers. They are not as good a bank as I once thought. I want to sell that stock."

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Source: Cramer's Lightning Round - I've Liked Regal-Beloit For 35 Years (12/10/12)