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

There were no bullish calls.

Bearish Calls:

Royal Bank of Canada (RY), TDBank (TD): "They are better than a lot of the American banks...the earnings from Canada have been weak. I like TD better...but then again, why own a bank stock?"

Diamond Foods (DMND): "We just don't know what we are getting...we don't know what is in that company... that is worrisome to me, and that is why I can't recommend the stock, even all the way down here."

Molycorp (MCP): "We don't want you to own Molycorp...too speculative."

Neutral Call:

YPF Sociedad (YPF): "...looks like it is yielding too much...it looks like a red flag dividend...let me do some work and get back to you."

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Source: Cramer's Lightning Round - Why Own A Bank Stock? (12/6/11)