Jim Cramer's Mad Money Lightning Round Stock Picks, Aug. 24

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Thursday August 24. Click on a stock ticker for more analysis:

Bullish calls:

MasterCard (MA): "That stock is what I call an 'up stock.' ... It's not done going higher. ... It's still cheap because it was underpriced on the IPO."
Boeing (BA): "It has nothing to do with Uncle Ben [Bernanke] . I want to buy Boeing here."
Consolidated Edison (ED): "Con Ed rocks at this point in the cycle. ... That 5% yield, two thumbs up, way up."
TXU (TXU)
Hewlett-Packard (HPQ): "[CEO] Mark Hurd, he just rocks. ... He is so good that I would bet that stock goes to 40."
Rayonier (RYN): "It's good. I like the forest products complex. ... I prefer Weyerhaeuser."
Weyerhaeuser (WY)
Yahoo! (YHOO)
Corning (GLW): "I think the stock is going to go back to 20 before it goes to 25."
Southwestern Energy (SWN): "I'd stay with that over Chesapeake (CHK)."

Bearish calls:

Lucent Technologies (LU): "I need you to sell that thing right now."
Sara Lee (SLE): "I don't like that one at all. I don't trust the management. ... I do not think that Brenda [CEO Barnes] is the right person to run that."
Caterpillar (CAT): "It's become a hated stock. ... I never buck the [economic] cycle. I have to say Don'tBuy, even though it's kicking butts and taking names."
Rediff.com India (REDF): "I want you to sell that stock. If you want to play the Internet, I'm sending you to Yahoo!. "

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.

Get Cramer's Picks by email -- it's free and takes only a few seconds to sign up.