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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Friday January 21.

Bullish Calls:

Frontier (NASDAQ:FTR): "Frontier is terrific. It is the highest yielding stock in the S&P. It is absolutely doing great... it's got an 8% yield. We know the CEO is doing a fantastic job merging properties. I want to pull the trigger."

Phillips-Van Heusen (NYSE:PVH), Jones Group (NYSE:JNY), VF Corp (NYSE:VFC): "Everyone decided after Jones Group had another tough quarter that they are all bad again, all the apparel plays. PVH is doing well. People are worried about cotton raw costs. I am a believer in Manny Chirico (CEO of PVH). I am a buyer of this weakness, not a seller. VF Corp is really getting attractive on a yield basis, also down $1.54 because of problems with Jones Group. I hope the problems at Jones are behind them, because I like those guys very much."

Accuride (NYSE:ACW): "We like this stock very much. It's been meandering since we recommended it. A lot of the companies in cyclical businesses have come back. This is a truck and car stock. The truck stocks just got hammered today. There are short, sharp pullbacks in bull markets. Long-term trends are exellent. I'd stick with it."

American Superconductor Corp (NASDAQ:AMSC): "People hate this stock. It is a great energy play...they don't like it... insiders are buying. I think it is overdone. I would pull the trigger and buy it. Last year we said this stock is a little dicey. We were right, it was dicey. It has come in and now I like it."

AllianceBernstein (NYSE:AB): "At 21 bucks, you want to own that stock. I would not worry about that one at all. I would buy. Do not sell AB, it is too cheap."

Qwest (NYSE:Q): "You bet I feel good about it. I think it is terrific. We had a big homerun in Qwest."

Bearish Calls

Tesoro (NYSE:TSO): "If you have to own a refiner... Tesoro is the one to own. However, I do not like the refining business. I am not going to endorse it. I am just giving to you as better than Valero."

Hot Topic (NASDAQ:HOTT): "I have given up on Hot Topic. I shouldn't have liked them to begin with...they don't really have a strategy...they can come on this show and defend themselves if they want to. I don't like them."

Cypress Semiconductor (NASDAQ:CY): "After what happened with Skyworks when they delivered an absolutely perfect quarter and great future growth gain and the stock went down... I want to take some profits in Cypress. It's been a big winner for us, and now I want to take some profits."

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Source: Cramer's Lightning Round - If You Have to Own a Refiner...Just Don't (1/21/11)