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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Thursday January 5.

Bullish Calls:

Ford (NYSE:F): "I'm glad you took some off the table (at $18)...I think you can ride Ford right here at $11...it's at $11 because Europe is weak, America is strong. I think Ford is fine."

Nokia (NYSE:NOK): 'I think the stock could go higher. I would speculate."

Dendreon (NASDAQ:DNDN): "Looks like the uptake is good...looks like the reimbursement is going to be good...this stock is going up, also because of a short squeeze."

Chevron (NYSE:CVX): "It is fine. I would hold onto it."

Schlumberger (NYSE:SLB): "...you should buy it."

American Capital Agency (NASDAQ:AGNC), Annaly (NYSE:NLY): "I gave up fighting the tape on this...it's got a good yield...it seems to be doing okay. I prefer Annaly. People are giving me heat because it went from $18 to $15 but you've got to look at the long-term performance of NLY."

Bearish Call:

Peabody (NYSE:BTU): "I think the economy is getting stronger, which means Obama is going to be re-elected, so coal is going to be ixnay. I don't want to own Peabody even though I think it is an excellent company."

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Source: Cramer's Lightning Round - Ford Is Fine (1/6/12)