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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Friday January 14.

Bullish Calls:

Berkshire Hathaway (BRK.B): "You want to own Warren Buffett. You want to own Berkshire Hathaway. There are very few stocks I ever tell you to buy and hold. But that team is terrific, and I want to own Berkshire, and I want you to stick with it."

Winnebago Industries (WGO): "I like it. I believe in the housing cycle. I think this is a strong spec play on the turnaround that I am seeing. It is more aggressive than (many other housing plays.)"

Vishay Intertechnology (VSH): "The guy who started Vishay (Felix Zandman) is a man of tremendous honor. He's a great man. I like Vishay. They are in the component business and this is the right part of the cycle for them. Vishay is good. Vishay is cheap. I'm a buyer."

MEMC Electronic Materials (WFR): "When we had those resignations, I said to back away, because my rule is when I get these resignations at the top, I got to hold on and hibernate. But it is cheap, and with oil at $90 a barrel, anything related to solar is pretty much more of a buy than a sell."

Bearish Calls:

Abbott Labs (ABT): "I've been a seller of this. It is very cheap but they had another drug that didn't work. This group is horrible. I think you can own Abbott Labs, but it isn't as good as the Pittsburgh Steelers."

Weyerhaeuser (WY): "I want you to wait for a pullback...this stock has just moved. It has moved from $15 to $21.50 in a straight line because people know housing is coming back. It is converting to a REIT, and the yield is not going to be very big here. Someone is going to be disappointed, but not me, because I am steadfast. I would wait for it to come down before starting a position. Don't buy."

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Source: Cramer's Lightning Round - The One Stock to Buy and Hold (1/14/11)