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Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Tuesday June 2.

Bullish Calls:

BP (BP), Chevron (CVX): "I like Chevron with that yield and with improving fundamentals is good. BP under $48 is good. They are both preferable to Exxon Mobile."

JP Morgan Chase (JPM): "Why not be in JPM? ...I like that stock more than Barclays."

Tupperware (TUP): "I prefer Tupperware (to Rubbermaid)."

Home Depot (HD): "If you want a play on housing, you should go with Home depot...good yield, good play on California turning."

Bearish Calls:

Exxon Mobil (XOM): "Holy cow, that stock does not move when all the other oils move and it moves when the others don't. Of the oils, it is not one of my favorites. Exxon doesn't have the yield I want."

Altria (MO): "It kills me that I sold it..here is the problem....when cigarettes got to $8.50 smokers quit...its kind of like going into a bond but with a bit more risk."

Barclays (BCS): "They did that deal and it held up...there is going to be a move to favor American borkers over European brokers. Why not be in JPM just in secondary...I like that stock more than Barclays."

Newell Rubbermaid (NWL): "I struggle with Rubbermaid because it seems so cheap. It has great brand...I think management is finally getting it together, but I do prefer Tupperware...I think there is limited upside for Rubbermaid unless they put themselves up for sale."

Williams-Sonoma (WSM): "All retail is moving up. I don't think that company is all that well- managed...If you want a play on housing, you should go with Home depot...good yield, good play on California turning."

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Source: Cramer's Lightning Round - What to Buy on a Housing Turn Around (6/2/09)