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Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Wednesday April 8.

Bullish Calls:

Raytheon (RTN), Lockheed Martin (LMT): "I think both of those are terrific. Sequester turned out to be the best thing to happen to defense stocks. Go figure."

Williams Companies (WMB): "I think that stock is so terrific. I can't believe it was down $1.50. I should have been pitching that one all day. It has a nice yield and growth."

Express (EXPR): "That is a very inexpensive retailer."

Halcon Resources (HK): "Halcon is good because of the bloodlines, but keep in mind it is speculative, which means it can go down (in the short term)."

Hertz (HTZ), Avis (CAR): "I like Hertz and I like Avis. They are both trying harder."

EOG Resources (EOG): "I like EOG more than Whiting."

Plains All American Pipeline (PAA): "That stock has had a big run, but I still like it."

US Airways (LCC): "I think US Airways could double in the next 18 months. It is my favorite spec in the book."

Bearish Calls:

Whiting Petroleum (WLL): Cramer prefers EOG Resources.

Dole (DOLE): "You have to own it on earnings (rather than as a takeover spec). I think Dole is just okay. I am not going to recommend the stock."

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Source: Cramer's Lightning Round - Sequestration Has Been The Best Thing To Happen To Defense Stocks (5/8/13)