Jim Cramer's Mad Money Lightning Round Picks 7/5

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday July 5. Click on a stock ticker for more analysis:

Bullish calls:

Hershey (HSY): 'I still like HSY, but only if we get a very strong employment number on Friday... Good company, but it will slow down if Uncle Ben has become Dr. Feelgood.'
GOL Linhas Areas Inteligentes (GOL): 'Only recently have I adopted a whole new attitude toward the airlines, which is that we are in the sweet spot. Here's the deal: I think that GOL is good.'
AMR (AMR): 'AMR and CAL were both up today, on a hideous day, when oil went to $75.'
Continental Airlines (CAL): 'These stocks are in up mode.'
Grey Wolf (GW): 'GW should have hit a 52-week high today...there are whole rigs being shipped to Saudi Arabia. This is a contract all inshore driller. It's been kept down by the low price of natural gas. If we get two cold days, heaven forbid, and GW sees $10.'
Accenture (ACN)
News Corp. (NWS)
Consolidated Edison (ED): ' ... that 5% yield looks awfully sweet to me. I've been using ED as a good place to be.'
TXU (TXU)
Boeing (BA): 'We got Boeing (BA) all the way down - at one point, under $80 ... At this price, you my friend, need to be in big BA.'
Pepsi (PEP): 'I think PEP today held on like a champ ... I think that the buyback will cushion the stock under $60. Two thumbs up!'
Devon Energy (DVN)
Rite Aid (RAD): 'I know people say why do you need to be in worst of breed RAD, when you've got best of breed Walgreen (WAG), and I tell you that this is not a drug store; it's a speculation play, and I am blessing speculation because the company's not as bad as it used to be.'
J. Crew (JCG): 'J. Crew (JCG) is a bargain! Mickey Drexler's got 30% earnings growth ... This stock is still cheap, even after it came public. I would buy JCG right here, right now, at $27.'
Pan American Silver (PAAS): 'Cheap silver maker with silver up big today, I'm going to bless. But, remember, speculative play.'
ConocoPhillips (COP)
Occidental Petroleum (OXY)
Chevron (CVX)
Sony (SNE)

Bearish calls:

Sirius Satellite Radio (SIRI): 'I think that XMSR and SIRI need to get together.'
Nektar Therapeutics (NKTR): 'People are angry at me, because I said that NKTR would be a good trade at the end of May; because I had thought ... that that Exhubera would ship in June. Now, it's pushed back. And I also think that NKTR is going to have one heck of a bad quarter. Let's wait until that bad quarter, and only then should we pull the trigger!'
Oracle (ORCL): 'I think ORCL, at 14 and a half - I would take profits ... I don't think there's anything else there.'
Edgewater Technology (EDGW)
DirecTV Group (DTV)
Ladish (LDSH)
Chesapeake Energy (CHK): 'It's flatlining at $30 my friend. I don't like the fact that Aubrey McClennan is still issuing stock ... He is taking the house of pleasure and turning it into the house of pain.'

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