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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Wednesday December 12.

Bullish Calls:

Ford (F): "I'm willing to bless Ford. I know that is radical, since I've been staying away."

MGM Resorts International (MGM): "In the casino space, I want you to buy MGM. It is doing a lot of things right."

Colfax Corporation (CFX), Ingersoll-Rand (IR): "CFX is the only heating, ventilation and air condition stock that is really doing well. Ride with strength, but don't forget, Ingersoll-Rand (IR) on that breakup is even better."

iShares FTSE China 25 Index ETF (FXI): "We need a diversified way to play China, which is why my charitable trust is buying the FXI, which is at $39. I think it goes to $42."

Schlumberger (SLB): "I'm a big quality guy, and if you are going to be in the drilling game, you want to be in Schlumberger, best of breed. No one did wrong buying best of breed."

Bearish Calls:

Caesars Entertainment (CZR): "Lay off of Caesars. I don't like the balance sheet."

Baidu (BIDU): Cramer prefers the iShares FTSE China 25 Index ETF to any individual Chinese stock.

Precision Drilling Trust (PDS): Cramer prefers Schlumberger.

Dana Holding Corporation (DAN): "I like Dana from Homeland more than I like Dana Holdings. DAN has had a very big move."

BGC Partners (BGCP): "Unbelievably bad ... Wow .... not much more to say."

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Source: Cramer's Lightning Round - A Radical Blessing For Ford (12/12/12)