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Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Friday November 12.

Bullish Calls:

Alcoa (NYSE:AA): “Alcoa may literally be my single favorite stock at this moment...that is a $13 stock... it is literally like a call....Alcoa told one of the greatest stories. I've been buying this hand over fist... inventory keeps going down... better than expected quarter and no one is paying attention."

Deckers (NYSE:DECK): "Went down a little today... buy buy buy...DECK will have a fabulous holiday season. Deckers is dynamite."

Wynn Resorts (NASDAQ:WYNN), Las Vegas Sands (NYSE:LVS), MGM Mirage (NYSE:MGM): "I don't like casino stocks except for Wynn, Las Vegas Sands and MGM...real estate is going up in Las Vegas, especially the strip. Buy MGM."

Devon Energy (NYSE:DVN) "Great balance sheet...Remember, we've got a big data point coming up in natural gas, to see if we can get this bill introduced. And you know I think Devon does a great job, buying back stock agressively, maybe this bill will be introduced."

EMC (NYSE:EMC): "I prefer EMC. I think that is the better bet."

Bearish Calls:

Saks (NYSE:SKS): "Reports next week. Has had a big run up into the quarter ...I would wait ...don't buy, rather than presume it is going to be good."

International Game Technology (NYSE:IGT): "Don't pull the trigger... there is nothing there... I do not like that stock."

BP (NYSE:BP): "Don't buy...I have some that have better yields and better prospects...that's a headache."

Emulex (NYSE:ELX): "The company is doing pretty well... it has been on a ramp."

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Source: Cramer's Lightning Round - My Single Favorite Stock (11/12/10)