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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Wednesday September 14.

Bullish Calls:

Precision Castparts (NYSE:PCP): "... is the best way to play aerospace."

Johnson Controls (NYSE:JCI): "Yes. That is cheap. It is down from $42. Its business is really good... it is dirt cheap... they (the bears) are worried about auto, they are worried about HVAC... I think they worry too much."

Altria (NYSE:MO), Philip Morris (NYSE:PM): "These are both great... Altria has a great dividend, and I think the stock goes higher. PM has great growth and a lower dividend. If you want more growth, PM is your call. If you want a bigger dividend, MO is your call."

Advanced Micro Devices (NYSE:AMD): "I think a rising tide will raise all the stocks... the SOX (Philadelphia Semiconductor Index) was the strongest group... I like that one the least (of the semis), but I think it can go up."

Bearish Calls:

First Solar (NASDAQ:FSLR): "Sell, sell sell. Don't touch it... it's got big European exposure... solar is not a winner."

Imax Corporation (NYSE:IMAX): "No, they don't even have the right movie schedule... you need to be careful. That stock has been a complete bow-wow."

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Source: Cramer's Lightning Round - The Best Way To Play Aerospace (9/14/11)