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Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Friday October 8.

Bullish Calls:

Union Pacific Corp (UNP): "I'd take it up to 20, that's my limit... I'd take it up to 20... why?... because UNP has the most upside contracts while rolling over they're going to give you price rises...This is a terrific stock... I rarely recommend stocks at a 52-week high, I have to do it in this one, it's just too good."

Home Depot (HD): "My favorite in that industry."

Permian Basin Royalty Trust (PBT): "I like Permian Basin Royalty Trust, I like all the other energy trusts a little more than that frankly."

DuPont (DD): "Dupont's still got an outside yield... I want to sit down with Alan Coleman who may be the finest CEO in America today... along with a terrific stock that you want to own which is Dupont."

NYSE Euronext (NYX): "I think has a better earnings profile... but heck, come on... down here, you got to pull the trigger a little bit."

First Horizon (FHN), PNC Financial Group (PNC), US Bancorp (USB): "I like FHN, nobody else does... two stocks that got upgrade this week... PNC and USB are better regionals than FHN... FHN is the speculative... the banking group is hated... mortgage moratorium... at $11, I think it works."

Bearish Calls:

Petroleo Brasileiro (PBR): "Troubling... it's troubling sir, here's why... because no sooner do they do this gigantic secondary and then they basically announce... I saw a report this week from Barclays... they basically announced that they have to do more stock... that was the analyst's report. I used to think this was the easiest play in the book. I am now concerned. I do like Brazil... I can not recommend Petrobras in good conscience because there is just such an overhang."

Sears Holdings (SHLD): "Sears is an interesting speculation... I can not totally endorse it... the last quarter wasn't that good or wasn't that bad... I feel the company is a good speculation, alright... let's leave it at that."

Penn West Energy Trust (PWE): "Eh... you know what, don't buy... don't buy... don't buy. It just had a big run."

H&R Block (HRB): "I'm not going to there... I say no....don't buy H&R Block..."

Green Mountain Coffee Roasters (GMCR): "I do not like Green Mountain. Earlier last week I said that, Green Mountain seems very vulnerable... at the time it was $30.50... that was not this Thursday but the previous Thursday... now it's $26... I'm still not pulling the trigger... don't buy... no, I don't like.... there are just too many questions here, there's too much risk and that's why I'm going to leave it at that."

Chicago Board of Exchange (CBOE): "You know what? I had earlier thought this was going to be good then I called on it... I don't know at 19, 20... I got to tell you... I know it doesn't have the blow up earnings that I want."

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Source: Cramer's Lightning Round - Union Pacific Is Just Too Good (10/8/10)