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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Monday June 6.

Bullish Calls:

Boise (NYSE:BZ): "It looks so much like Temple-Inland, which got a bid from International Paper, but it may look so much that people might take it up Tuesday. If that is the case, I want you to ring the register. The industrials are not trading right, and that company is really levered to the economy, and I'm a little nervous about it."

Heckmann (HEK): "They are selling the stock left and right, but I like the water sector...I think it's a good buy."

PPL Corporation (NYSE:PPL): "I think PPL is an excllent buy here. It is the kind of buy I'm looking for...5% yield...buy half now and half down."

Bearish Calls:

Bank of America (NYSE:BAC): "No (to the chance of it going bankrupt)...but I'm glad you mentioned it. My charitable trust cut the position in half...the banks are still a free fire zone. It is still too early."

Alcatel-Lucent (NYSE:ALU): "No...it's had a very big run, but it is still a second-rate player in a market where telco is not that good...I would ring the register...too many competitors in that business."

Johnson Controls (NYSE:JCI): "It's got batteries...it's got car parts...it's all good. That said, I sold this stock. My charitable trust rang the register...it is too hard to own. Too many companies levered to autos. I would say sell, sell, sell until it gets to $33-34."

Vera Bradley (NASDAQ:VRA): "I would tell you that I think Vera should be sold. You had a nice run. I think it is time to move on."

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Source: Cramer's Lightning Round - Will Boise Look Like Temple-Inland? (6/6/11)