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Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Thursday May 9.

Bullish Calls:

SunTrust Banks (NYSE:STI): "It is driving us crazy. We sold the stock and it was a mistake. That stock is punching through to a 10% gain ahead."

Crosstex Energy (XTEX): "I don't think that is much of a spec stock. I like it. It will go higher to catch up with the others. It has a good yield."

Arm Holdings (NASDAQ:ARMH): "It just went up 10 points. Let it come down and then buy it."

Biogen (NASDAQ:BIIB): "This is coming back. It is going to go to $200. At that point, people will say it is a head and shoulders pattern. I don't care. Buy, buy, buy."

Nokia (NYSE:NOK): "Every dog can have its day. I think $3.55 can go to $4."

First Energy (NYSE:FE): "It is a low quality utility, but that is okay. It yields 5%. I think it is going to be able to deliver."

Bearish Calls:

Teva (NYSE:TEVA): "You are not going to get me involved with that one. It will have trouble with its drug rolling over, going off patent."

Mondelez (NASDAQ:MDLZ): "It was a just okay quarter. I have better fish to fry."

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Source: Cramer's Lightning Round - Selling SunTrust Was A Mistake (5/9/13)