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Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Monday April 15.

Bullish Calls:

U.S. Bancorp (USB): "People are upset. They feel there is not enough growth in the mortgage business. USB has been a dominant mortgage player. The stock can fall a bit, but it is too well-run for me to abandon. I saw the downgrade. Two years from now, that stock is going to be higher, even though two days from now, it is going to be lower."

Annaly (NLY): Cramer prefers Annaly to KCAP

Diageo (DEO): "I like it. Buy 25 here, wait until it gets to $115 and buy more. Then at $110, you will get yield protection. It is a good stock."

Stericycle (SRCL): "That is a terrific company. It is so non-economically sensitive. I like the waste management segment."

Continental Resources (CLR): "CLR is good, but oil is breaking down right here. We've seen these moves happen before. You have to buy it in stages, and you have to buy it lower. People say oil is peaking. I don't think it is. I think CLR is a good company."

Bearish Calls:

KCAP Financial (KCAP): "I would swap out of KCAP and get into Annaly."

iShares Gold Trust ETF (IAU): "Whether you have this depends on how much insurance (in the form of gold) you want for the rest of your portfolio. I think gold coins are going to hold their value more than the ETFs."

Penn West Petroleum (PWE): "It is not doing that well. There are tax considerations. I've got to tell you, since it is Canadian, get a tax professional on this. It is not the same as an American trust."

Melco Crown Entertainment (MPEL): "It is too sensitive to the situation in China because of Macau. I have to see the situation in China improve before I can recommend a casino stock."

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Source: Cramer's Lightning Round - U.S. Bancorp May Be Lower In 2 Days, But Will Be Higher In 2 Years (4/15/13)