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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Thursday December 22.

Bullish Calls:

MagnaChip (MX): "I think that is a cheap stock, and I'm willing to give it a try...I'm going to say 'yes' to that stock, I will bless it, but I hope it doesn't come back to haunt me."

Coca-Cola (KO): "I like KO...I would still hold onto it."

Fluor (FLR): "I think it is right...FLR builds a lot of refineries...and a lot of infrastructure."

Bearish Calls:

Ashland (ASH): "It is okay...not great...I don't have a catalyst."

Ferrellgas Partners (FGP): "No we are not going to recommend the propane business...it is too cut-throat."

NextEra Energy (NEE): "52 week high...I want to ring the register...it has a nice move."

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Source: Cramer's Lightning Round - I Am Willing To Bless MagnaChip (12/22/11)