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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Thursday January 26.

Bullish Calls:

Nokia (NYSE:NOK), Microsoft (NASDAQ:MSFT): "Nokia had a good number. That means MSFT is doing well. The way to play Nokia numbers is with MSFT."

Joy Global (NYSE:JOY): "I think Joy Global is going to have a monster quarter. I think it goes to $100."

Potash (NYSE:POT): "I was very worried...Potash reported a miserable quarter but the stock didn't go down. That means I was wrong to be worried. Buy, buy, buy."

Disney (NYSE:DIS): "You hold onto it. There is no real catalyst except ESPN, their movies are good. They need to do a refresher on their parks, but is good."

Time Warner (NYSE:TWX): "...I like the diversification, I like the management and the margins."

MasterCard (NYSE:MA): "If the stock gets hit, I want to buy. It has a great business model, and it's going to have a great 2012."

Staples (NASDAQ:SPLS): "They are creating jobs...they are okay."

Bearish Calls:

JetBlue (NASDAQ:JBLU): "Everyone likes the airlines except for me. No."

Liberty Media (NASDAQ:LMCA): "Time Warner is a better buy."

J.C. Penney (NYSE:JCP): "I want you to take profits...if you bought it because of me...it is up too much and I wish they had not been so bullish."

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Source: Cramer's Lightning Round - Play Nokia Numbers With Microsoft (1/26/12)