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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Friday December 2.

Bullish Calls:

Siemens (SI): "...that had a very big move this week. I believe in it...the cheapest stock in Europe. I'd buy on a pullback."

Waste Management (WM): "It is the perfect pay to wait stock, it has been doing well since we recommended it. I continue to want to buy it."

SandRidge Mississippian Trust (SDT): "I think that is going to be a very good dividend (11%)...that is what SandRidge spun off, and oil is very high...I think they can maintain that for a while...that stock will go up or down with the price of oil."

Salesforce.com (CRM): "I heard that Dreamforce was very good...it got oversold because it was a high multiple stock. I think you can hold onto Salesforce after this punishing decline."

Lululemon (LULU): "...reported a good quarter...stock got slammed down $7, came all the way back."

AT&T (T): "I want to own it...they are doing a lot of things right...they are being ridiculed...It is a mistake. I like it."

Bearish Calls:

RF Micro Devices (RFMD): "We've had a big run in that, and we want to go...this business is too up and down these days."

Sprint (S): "If you want to own Sprint, you have to buy the Senior Bond Securities...you can't buy it in the common stock...that is too risky."

Green Mountain Coffee Roasters (GMCR): "No we don't feel that GMCR is anything other than a dead cat bounce and a short squeeze...yes it can go higher, but there are too many worries here."

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Source: Cramer's Lightning Round - Siemens Is The Cheapest European Stock (12/2/11)