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Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Wednesday June 26.

Bullish Calls:

HollyFrontier (NYSE:HFC): "Don't worry about it right now. There is a bit of a margin squeeze. They can refine. They can ship overseas. They have a good edge. Take advantage of the decline and buy."

JPMorgan (NYSE:JPM): "It should be $60. I wouldn't be surprised if it went to the 70s in the next few years. My charitable trust has a big position in it. CEO Jamie Dimon is doing an incredible job. I like the steady stream of dividends that are going to be coming."

Occidental Petroleum (NYSE:OXY): "My charitable trust is a buyer right here. That company is going to split up, and when it splits up, it will be $120 worth of value."

Bearish Call:

Clearwire (CLWR): "You are done. It is over. Take it off the table. Consider yourself lucky."

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Source: Cramer's Lightning Round - Don't Worry About HollyFrontier (6/26/13)