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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Monday August 1.

Bullish Calls:

Windstream (WIN): "I'd rather see you in Windstream (and not City Telecom)...it just made a good acquisition."

Chesapeake Energy (CHK): "Magnum Hunter is too risky for me when I've got CHK selling for a third of its breakup value."

eBay (EBAY): "I think Paypal is worth $25 in its own right...they have a lot of cash, business is strong...I am a buy, buy, buyer of eBay. I want you to buy some Tuesday morning."

Lincoln Electric Holdings (LECO): "...I wil always be a buyer of this one. The stock has come down. I think it is a mistake."

Bearish Calls:

General Motors (GM): "I don't know...I'm worried about GM. I'm worried about quarter...I'm worried about autos in general...autos don't act well...I say ixnay."

Hyperdynamics Corp (HDY): "That is a very speculative stock...be careful...don't buy above $5."

City Telecom (CTEL): "...the yield is safe, but it doesn't have the growth."

Magnum Hunter Resources (MHR): "...too risky for me..."

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Source: Cramer's Lightning Round - I'm Worried About General Motors (8/1/11)