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Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Tuesday June 23.

Bullish Calls:

Cubic (CUB): "I like this combo of mass transit and defense. I think this stock is a winner... it is very interesting with Obama infrastructure and defense. I like that play."

Sears (SHLD): "It's been cut in half and doubled which is a metaphor for the market. I cannot give you any solace right now..the stock has beaten back the shorts...it keeps buying back stock. I remain a long-term believer in Eddie Lampert [CEO] and Sears."

Linn Energy (LINE): "That dividend is safe for at least the next 3 years...I'm sticking with Linn."

Nucor (NUE): "Committed to its dividend... best in show."

Bearish Calls:

Level 3 Communications (LVLT)

LSI (LSI): "Incredibly cheap stock. I've been searching for a catalyst for ages. I don't have one...I'm in the don't buy camp."

AK Steel (AKS): "It could end up being one of the top ten performers in S&P, but it has more than doubled. The only steel stock I'm recommending s Nucor."

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Source: Cramer's Lightning Round - Sears Is a Metaphor for the Market (6/23/09)