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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Friday August 5.

Bullish Calls:

O'Reilly Automotive (NASDAQ:ORLY), AutoZone (NYSE:AZO): " I think you buy it in this environment. You buy these autoparts...it is why Autozone holds up...I think you are in good shape..I say you ride it out. I don't say ride it out to everybody, because I know some people think 'ride it out' is a recipe for suicide. But with that stock, you are fine."

Exxon Mobil (NYSE:XOM): "No (don't dump shares) Exxon's fine. It is not my favorite oil...but you are fine. Oil is a good and scarce commodity that deserves to sell where it is right now, and Exxon will make money."

Anworth Mortgage Asset Corporation (NYSE:ANH), Annaly Capital Mortgage (NYSE:NLY): "ANH has fallen down because people are worried about short-term funding. I'm not worried. I think this is a survivor...I read some critical articles about me, how I throw the game toward Annaly because I am a friend, buddy, pal of CEO Mike Farrell. I wish I were a friend, buddy, pal of Mike Farrell. He lives in my town. He does a good job. NLY is good. I recommend stocks because I like the companies. If I start to recommend a company because I like the CEO, just fire me, okay."

Caterpillar (NYSE:CAT): "We had a data point no one talked about...I talked to this company United Rentals which is a very big Caterpillar distributor...they were sold out...July was a huge month. I bought more CAT. Call me an idiot, call me a cock-eyed optimist...I would not throw that stock away. I would be a buy, buy, buyer of Caterpillar right here. That stock is a winner, and I would buy more."

Bearish Calls:

TAL International (NYSE:TAL): "That cannot be high growth...if we are going into a recession, that will not do that well...I think it is a well-run company. That is not the kind of industry I want to be in at this moment while people think our country is slipping."

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Source: Cramer's Lightning Round - Ride It Out With O'Reilly (8/5/11)