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Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Monday July 6.

Bullish Calls:

Old National Bancorp (NASDAQ:ONB): "It is a really, really good bank. I would keep buying more. It is not an interesting situation, but it is a cheap situation."

AT&T (NYSE:T), Verizon (NYSE:VZ): "AT&T and Verizon have been down so long they look up to me.. we are in a slowdown, and this is what you buy. I think buying AT&T is a very smart thing to do. I know it has done nothing, but you get that dividend and that dividend is safe."

Boeing (NYSE:BA): "They've made great sport of me about Boeing...I said the Dreamliner would fly, it didn't fly...here's the issue..it is a 4% yielder I believe the yield is safe. I know they have problems making the plane, but I would buy more Boeing here. Down here, it feels like an investment to me."

PPG Industries (NYSE:PPG): "It's an accidental high yielder...they're talking about 15% business in China. I think you have a winner and I want you to buy more right here."

Peabody Energy (NYSE:BTU), Arch Coal (NYSE:ACI): .."We got Peabody that's your quality play. I'd rather see you in that. If you want one notch down, a $14 stock, go with Arch Coal."

Walter Energy (NYSE:WLT): "I said this one is a great great conglomerate. This one went all the way up and all the way down...I reiterate that story. You should be buying more right here. It's got coal, it's got housing, it's got steel."

W.R Grace & Co. (NYSE:GRA): "Very interesting. It's got a great coatings business. It's an off the wall play. I would bless it as a speculative play, but I don't know its earning power right now.

Bearish Calls:

Foundation Coal (NYSE:FCL): "I don't want to see you in that bad coal company. "

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Source: Cramer's Lightning Round - Will Boeing Go 'Boing'? (7/6/09)