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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Wednesday April 13.

Bullish Calls:

EMC (NYSE:EMC): "You can do a heck of a lot better owning EMC than you will owning Cisco. That's my trade of choice."

Medtronic (NYSE:MDT): "That's an old flatline from way back... there is nothing special there, but that group is a chosen group by the President and Congress. They like the device companies. It probably is 3 up one down (in terms of risk). If that is enough to catch your fancy, then I would go do it."

Raytheon (NYSE:RTN): "The stock is down today because people didn't like what Obama said... about defense cuts. I think you wait a couple days, the stock goes up a couple bucks, then you cut it in half and then you play with the house's money and let the rest run."

Peabody (NYSE:BTU): "I think coal is in a multi-year bull market...look at their conference call ...there is a great supercycle of coal...I am a believer."

NovaGold (NYSEMKT:NG): "...If you look at the chart, it is marking time...they reported a big raising of how much gold...it is the largest gold, largest copper mine deposit in North America...they could sell this company to the Chinese...buy more on a pullback."

Toreador Resources (TRGL): "The French are making noises that they won't let them drill...that's nonsense...that's a really good stock. I like it."

Procter & Gamble (NYSE:PG): "Procter is at a level...now that I am really interested in it...$60 to $61...Procter here at $60 where you got a 3 plus yield is right where I want to pull the trigger."

Verifone Systems (NYSE:PAY): "When they had that accounting scandal, I punted, I didn't look...I followed my rules. I never got back in. I didn't tell people to buy. This is a retail-related tech play and it is a good one...and it probably still goes higher."

Bearish Calls:

Arris Group (NASDAQ:ARRS): "This communications business is too hard for me, and that company is inconsistent."

Cisco (NASDAQ:CSCO), Alcatel-Lucent (NYSE:ALU): "Alcatel was upgraded earlier today. I did not like that upgrade. I do not like Cisco...but at $17 I can't dump on it because it is too low...but I'll tell you... you can do a heck of a lot better owning EMC than you will owning Cisco. That's my trade of choice."

Georgia Gulf (GGC): "It has run up too much...I missed it...I can't come in here. I've got to wait for a pullback."

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Source: Cramer's Lightning Round - My Trade of Choice (4/13/11)