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Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Monday May 6.

Bullish Calls:

Ellie Mae (NYSE:ELLI), Radian (NYSE:RDN), Genworth (NYSE:GNW): "Ellie Mae ... a mortgage play. I am for that, along with Radian and Genworth."

Discover (NYSE:DFS): "It is so cheap. We keep itching to buy that stock. We kept getting frozen. You've got a good one."

Allergan (NYSE:AGN): "I'd rather buy Allergan all the way down. That has a good aesthetic business. It is a better play."

Bearish Calls:

EZchip Semiconductor (NASDAQ:EZCH): "That is too dicey. That has not been doing well. There is a reason ... it is one of those semiconductor stocks ... it is too darn hard to figure out what is going to happen. Let's stay away from it."

SandRidge (NYSE:SD): "It is difficult to understand ... when you buy these down and outers and they go down, you feel like shooting yourself. Interesting idea, but pure speculation."

Cynosure (NASDAQ:CYNO): "That is too hard (Cramer prefers Allergan)."

Two Harbors (NYSE:TWO): "It is interesting. I'm going to sit on the sidelines. It would take more conviction than I have."

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Source: Cramer's Lightning Round - EZchip Semiconductor Is Too Dicey (5/6/13)