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Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Friday July 16.

Bullish Calls:

Skechers (NYSE:SKX): "You know that we believe in the bull shoe market… like every other stock related to retail… they are just killing the thing… do you know what I say you do? You stick with the fundamentals… this stock is good… now every chart looks bad in retail... so everyone is freaking out… Skechers is an inexpensive stock that has a good story."

Cubic (NYSE:CUB): "I have always liked Cubic…I actually recommended the stock in the first year of the show… it is a specialty defense play…I like those.. I think it is terrific."

VMware (NYSE:VMW): "VMware is on fire because of cloud computing… now here is the problem… when stocks are this hot… they are going to get hammered… and when they get hammered we wait until they settle down... this one is going to get hammered… come down…and then you want to buy it."

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Source: Cramer's Lightning Round - Cubic: A Specialty Defense Play (7/16/10)