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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Thursday November 3.

Bullish Calls:

Vodafone (NASDAQ:VOD), Verizon (NYSE:VZ): "It is a tough call...people don't like Vodafone's assets in Europe, but I like your call, and I say it's a buy...I like Verizon too."

Schweitzer Mauduit International (NYSE:SWM), PPG Industries (NYSE:PPG): "If I want paper, we are going to go to SWM or PPG (which makes chemicals for the paper-making process)...those are better."

Westport Innovations (NASDAQ:WPRT): "...the right place at the right time...they make engines that run on natural gas...Westport is a winner."

Intel (NASDAQ:INTC), Qualcomm (NASDAQ:QCOM): "...you need to buy Intel...I would even buy Qualcomm all the way up here."

AT&T (NYSE:T): "It's a cheap stock...it wins either way...if it buys T-Mobile, it's a winner...if it doesn't, it's a winner...because it's got plenty of cash flow."

Bearish Calls:

Callaway Golf Company (NYSE:ELY): "No...that's a no-growth business...not my cup of tea."

Mercer (NASDAQ:MERC): "...no, if I want paper, we are going to go (elsewhere)."

Advanced MicroDevices (NYSE:AMD): "Come on, man...that stock is out of power...I would even buy Qualcomm all the way up here rather than AMD."

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Source: Cramer's Lightning Round - Stay Away From Callaway (11/3/11)