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

Bullish Calls:

Ford (NYSE:F): "We are not going to double down...we are worried about a strike, worried about raw costs and worried about all these little things...that said, Ford is cheap...Why isn't Ford going up? Because it was at $2, it just moved all the way to $18 and it has pulled back to $13... patience..patience will be rewarded."

Conoco Phillips (NYSE:COP): "... is the cheapest oil company there is...they are doing a massive restructuring...they are going to bring out value...that stock is going higher."

Dow (NYSE:DOW), LyondellBasell Industries (NYSE:LYB): "I think that stock (Dow) is dirt cheap with natural gas prices staying low. That company is reinvigorated...don't forget Lyondell...that stock is even better than Dow."

Anheuser-Busch Inbev (NYSE:BUD): "...very inexpensive stock...BUD is a good stock."

Home Depot (NYSE:HD): "...great stock, great run...great management...it is going from $36 to $42."

Chesapeake Energy (NYSE:CHK): "Aubrey McClendon [CEO] rocks...I think it is trading at less than half of its breakup value...that is ludicrious...it is going higher."

Melco Crown Entertainment (NASDAQ:MPEL), Wynn Resorts (NASDAQ:WYNN): "I missed Melco...I think you are going to make money in Melco...I'd stick with Wynn, but Melco is darn good."

Editor's Note: There were no bearish calls on Thursday's Lightning Round.

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Source: Cramer's Lightning Round - Ford Will Reward Your Patience (7/21/11)