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Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Thursday August 19.

Bullish Calls:

Starwood Hotels (NYSE:HOT): "I saw that, down $1.80 today, and I said, you know what, we've got to buy that... There's so much to recommend about that stock. It's really fantastic! And the hotel business is back too. I want to pull the trigger right here on that discount."

Yahoo (NASDAQ:YHOO): "Oh, you want to hold onto it. We're still believers in Carol Bartz [CEO]. We think she's going to pull it out of the fire. There's a lot of assets there on a breakup basis. I can't tell you it's going to go up now. I have to believe in Carol, though. I think she's done too good a job over many years. I think it was a broken story, and she's going to fix it."

Pepsico (NYSE:PEP): "One day... we won't see people like rock stars... We will see Indra Nooyi... we will see her picture. She is the CEO of Pepsi. She is making that company great. She is one of the best buys out there. And I've got to tell you, she is one of my heroes. She and Alan Mulally (Ford's CEO)... you know the people I want to put on my wall. I want to own Pepsi, I want to buy Pepsi. I want to stick with Pepsi."

Home Depot (NYSE:HD), Target (NYSE:TGT), Urban Outfitters (NASDAQ:URBN): "I like Home Depot. They just reported a good quarter. People are even warming up to Target ... not my thing. I like Urban Outfitters."

Weight Watchers (NYSE:WTW): "Cramerica is on Weight Watchers ... a much better situation. I like the chart in Medifast, but Weight Watchers is the play in the group, and it's got a great balance sheet, and it does a big buyback. WTW... I really, really like it."

Travelers Insurance (NYSE:TRV), Prudential (NYSE:PRU): "I've got companies like Travelers Insurance ...I've got companies like Prudential...they are better."

Chevron (NYSE:CVX), Chesapeake Energy - Preferred (CHK-PD): "I've got stocks like Chevron Corp. that's just been completely hammered. I'd much rather go with a major that gives you a 3-4% yield, than I would on that one which doesn't have a dividend. No thank you. If I want natural gas, by the way, and I want a dividend, then I'll go with Chesapeake Energy."

Bearish Calls:

JC Penney (NYSE:JCP): "Oh, I've got to tell you, that one is too hard for me. I've got some really quality retailers that are coming down... I just can't get into JCP... not doing well enough."

Medifast (NYSE:MED): "No... Cramerica is on Weight Watchers .. a much better situation. I like the chart in Medifast, but Weight Watchers is the play in the group."

SandRidge Energy (NYSE:SD): "You know, as I have said twice now, I think that that was a huge disappointment... that that quarter should have been a good quarter. It was a bad quarter. I see insider buying. I don't know why. I'd like to know, because I don't see anything I like. Boy, that stock's been bad... just awful... just awful."

Hartford Financial Services (NYSE:HIG): "No, no, no. I'm not a buyer of that one at all, I'm a seller... sell, sell, sell!"

Brigham Exploration Corporation (BEXP): "Ehhh, I'm middling. I'm fair-to-middling on that one. Don't buy, don't buy..."

Strayer Education (NASDAQ:STRA): "It's the best of breed of those for-profit schools. But you know what? You're dealing with the federal government now... and the federal government favors private institutions... brick and mortar schools... I am not getting in the way of this President of the United States. That is fatal to your portfolio."

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Source: Cramer's Lightning Round - Starwood Hotels Is HOT (8/19/10)