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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Monday December 20.

Bullish Calls:

Apple (NASDAQ:AAPL): "I think it is marking time...it marks time before a big run. I still think the estimates are too low. I'm still not backing away from Apple."

American Tower (NYSE:AMT): "They were just a rocket ship today...buy buy buy ...really well- run...really fantastic CEO (Jim Taiclet), and I like AMT."

Oracle (NYSE:ORCL): "That was a monster quarter...this combination of SunMicro with Oracle database software...I really like it."

Entegris (NASDAQ:ENTG): "...is good... it is a little speculative semiconductor company. We have liked the stock on the show even though...it has advanced, but we still like it."

Jabil Circuit (NYSE:JBL): "I like that quarter, have to dig deeper, it is one of our momentum names."

AT&T (NYSE:T), Verizon (NYSE:VZ): "I've got AT&T and Verizon. I've got growth, I've got yield and I've got great managers, and I think Sprint is too speculative right now. I want you to stick with them (AT&T and Verizon)."

Bearish Calls

Sprint (NYSE:S): "I think it's coming along. I had higher hopes.... this quarter wasn't that bad... I think Sprint is too speculative right now."

Pfizer (NYSE:PFE): "Nah nothing there... it doesn't have what it takes. We'll see what the new guy does, but it doesn't have it ...it's a total flatliner."

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Source: Cramer's Lightning Round - Apple Is Marking Time (12/20/10)