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Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Thursday June 3.

Bullish Calls:

EMC (NYSE:EMC): "No, I think that EMC is a terrific stock… Why? First, it owns 80% of VMware, which by the way hit another 52-week high because that is a cloud play… second, you have gotten the whole rest of the business for almost nothing… this is the most inexpensive tech company that I follow… I think that you should pull the trigger and buy some… it would be good for your investment club."

Teva (NYSE:TEVA): "Yes, you buy… this stock has gone down because Israel went from the emerging market index to the regular stream index… and it is an dominant part of Israel… $50b company… plus some people did not like the acquisition in Germany… that is wrong… and most importantly, all healthcare has been coming down... this is a generic drug company that has some proprietary drugs… it is part of the solution… yes there is a bad translation problem from the dollar and euro, I get that… I want you to buy."

McDermott International (NYSE:MDR): "The big EPA decision today... they are going to make a lot of these utility companies retrofit… that order is going to go to MDR… that is right.. I think you have got a winner… I wish they would come on the show… I think they are really good."

Vodafone (NASDAQ:VOD): "It gives you good yield, it has got better growth… people are worried about Europe… I am not worried about the UK… my idea is to roll into Vodafone..."

Bearish Calls:

BHP Billiton (NYSE:BHP): "BHP, I say do not buy… I would actually lock in a profit here… I am not kidding… I am concerned… you should be concerned. Sell, sell, sell... "

Qwest (NYSE:Q): "Well, let’s take the profit in Qwest … I think this is the time to go… roll into Vodafone."

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Source: Cramer's Lightning Round - The Cheapest Tech Stock (6/3/10)