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Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Wednesday December 1.

Bullish Calls:

Chevron (NYSE:CVX), Marathon Oil (NYSE:MRO): "BP is a headache...I would buy Chevron and Marathon... no one likes Marathon. I prefer both of those to your stock [BP]."

Apple (NASDAQ:AAPL): "I am a buyer of Apple... and I'm not dissuaded just because the action in Apple is not that good."

Baidu (NASDAQ:BIDU): "My only China play...I reiterate the buy. I know people are saying go into all these Chinese stocks, but whenever I do that, I make a mistake."

OptionsXpress (NASDAQ:OXPS): "I think OptionsXpress are men of their word...they did a huge special dividend which shows they have tremendous confidence. They don't have much growth right now. I think people are going to come back to options, short as rates go higher and they will make money on "credit balance." So I think OptionsXpress is a buy, buy, buy. Congratulations to them...they pulled the trigger and had the guts to do that special dividend after they came on and said they were trying to figure out what to do with their capital."

Bearish Calls:

BP (NYSE:BP): "You want to buy a headache?...that's a headache. I don't like headaches...I would buy Chevron and Marathon...I prefer both of those to your stock."

JA Solar (NASDAQ:JASO): "You can't own solar stocks...solar plants are being canceled...what we need to do is to wait until governments are willing to pay more for alternative energy. They are not willing to do that right now."

Research in Motion (RIMM): "I think it has had a big run. I am not a supporter of RIM. I refer to a better play, Apple. I am not a buyer of RIM, I am a buyer of Apple... and I'm not dissuaded just because the action in Apple is not that good."

JP Morgan (NYSE:JPM): "I have to tell you. I like it...I use the strength to lighten up. I think there are other financials that are better. I think JPM is great, I just don't like being in the crosshairs when I pick up the papers every single day and people write terrible things about the banks. There is too much headline risk for even a fabulous bank like JPM."

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Source: Cramer's Lightning Round - You Want to Buy a Headache? (12/1/10)