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Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Monday July 24. Click on a stock ticker for more analysis:

Bullish calls:

Florida Rock Industries (FRK): '...there's a bull market in rocks, even though it didn't rise.'
Ashland (NYSE:ASH)
American Express (NYSE:AXP):
'... Tomorrow morning there will be some guy who upgrades to AXP and the stock's going to go back to 52.00.'
Arrow International (ARRO): 'This is what people want right now ... a slow-down stock. Two thumbs up for slow-down.'
MEMC Electronic Materials (WFR): 'I can tell you that when it was just a little child of 15 bucks we...said buy it. It subsequently doubled. And then it doubled again and people got greedy and now its cutting back. I like it again. That would be a buyer.'
CVS (NYSE:CVS)
Altria (NYSE:MO):
'This would be a gift ...if this stock came down on the quarter, because I would buy it hand over fist. The value is 98 dollars and the stock is way below that. I like that stock, I want to stick with it.'
California Pizza Kitchen (NASDAQ:CPKI): 'A very nice quarter, one of the few casual restaurants I'm recommending here.'
Halliburton (NYSE:HAL): 'Some uninformed person at Merrill Lynch downgraded this stock eight points below where it was just a week ago. He's wrong, I'm right.'
Kraft Foods (KFT) : 'I like the quarter after the close.'
Bristow Group (NYSE:BRS)
Alcan Inc. (AL (defunct)):
'I have written down AL for my Charitable trust fund. But that is because I still think there is an upside.'

Bearish calls:

Sonus Networks (NASDAQ:SONS): 'I don't want anything to do with the voice over internet group.'
Openwave Systems (OPWV)
Internet Security Systems (ISSX)
ViroPharma (VPHM):
'... it has just killed people. I would say stay away.
Alcoa (NYSE:AA): 'I am not blessing AA.'

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Source: Jim Cramer's Lightning Round Stock Picks 7/24