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Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Monday July 1.

Bullish Calls:

Walgreen (NYSE:WAG), CVS Caremark (NYSE:CVS), Bed Bath & Beyond (NASDAQ:BBBY): "Walgreen is a good stock. CVS is cheaper, though. BBBY is a stock everyone has written off. It is coming back and is worth a great deal. Let it come in."

Dean Foods (NYSE:DF): "Is an inexpensive stock. I think it is still a good buy. Raw costs are coming down."

Five Below (NASDAQ:FIVE): "Yes, absolutely. Buy more."

Six Flags (NYSE:SIX), Cedar Fair (NYSE:FUN): "You should buy SIX. Let me throw in Cedar Fair. These went down, because people saw them as bond equivalents. That was a mistake. They are going higher."

Kodiak Oil & Gas (NYSE:KOG): "It is good. I like that little spec."

Celldex (NASDAQ:CLDX): "We like that stock. It is going much higher. We are sticking by it."

Bearish Calls:

Vale (NYSE:VALE): "My charitable trust owns this, and it is a veritable house of pain. This is like my not being able to garden. Brazil and iron is twice the pain. I can't sell it for the trust, because it is too low."

Pengrowth Energy (NYSE:PGH): "I do not recommend those. It might be too low to sell. I don't like the Canadian trusts. This has accounting problems. I don't want to deal with it."

EMC (NYSE:EMC), Oracle (NYSE:ORCL): "I'm in the don't buy camp for EMC. Management said things are better than expected and things are really good, and now it is down substantially. That means sell. I'm also selling Oracle. These must be cleaned out of your portfolio."

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Source: Cramer's Lightning Round - Vale Is A House Of Pain (7/1/13)