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

Bullish Calls:

General Motors (NYSE:GM): "...looks like GM is finally getting it together. The stock has finally come down enough. We know the sales are good. We'd like to see Europe turn. I see 3 up and 1 down...that is a good ratio..Why am I not more effusive? Because the government owns a really big share...the government could sell some more."

Buffalo Wild Wings (NASDAQ:BWLD): "I think it's got good growth...I think the story is an intact story, and it is growing...especially during the NFL season."

Freeport McMoRan (NYSE:FCX): "One mineral that is bottoming is FCX."

Diamond Foods (NASDAQ:DMND):" I say stick with it...this merger with Pringles is going to be great. I'm not concerned. I think it is a good stock. It is going to do well when that deal closes."

American Capital Agency (NASDAQ:ACAS), Annaly (NYSE:NLY): "[ACAS] raised capital. I am more conversant with NLY...ACAS has distinguished itself as a winner. I like NLY because they are crystal clear about what they are doing."

Pepsi (NYSE:PEP): "...short-term Goldman has made negative comments...they are worried about the revenue profile. I am looking at costs going down. If I can get that thing at $60, I want to buy and hold it."

Bearish Calls:

Cliffs Natural Resources (NYSE:CLF): "The whole group has been killed...I don't want to recommend this group very heavily...I don't want to put people in this group until I see China bottoming."

Navios Maritime (NYSE:NMM), Nordic American Tanker (NYSE:NAT): "We've analyzed these shipping companies and we don't want to touch them. If I don't want to own Nordic, I don't want to own these others."

WebMd (NASDAQ:WBMD): "They missed the quarter...I think you can do better than that."

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Source: Cramer's Lightning Round - General Motors Is Finally Getting It Together (10/6/11)