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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Wednesday February 8.

Bullish Calls:

Covidien (COV): "I think you should buy more. That is in the sweet spot."

Goldman Sachs (GS), Morgan Stanley (MS): "Goldman Sachs is going higher. Nobody likes the stock...I also think Morgan Stanley is a buy, buy, buy."

Pfizer (PFE), Bristol Myers (BMY): "Don't sell (Pfizer)...it's got that big buyback...is it my favorite? No, I like others more...but PFE is protected by that yield. Don't forget BMY. I don't care that it's come down. I like it even more."

Bearish Calls:

People's United Financial (PBCT): "...it's stalled...like watching paint dry...it is an inexpensive stock...it does not have a catalyst right now. I like it longer term."

Dendreon (DNDN): "Too speculative for me. I like it lower. Not here. It has had a very big move."

Pep Boys Manny Moe & Jack (PBY): "That one is played out. You have to sell, because it is already getting taken over. I want you to go home."

Ford (F): "Is doing okay, but Ford is going to flatline...there are better times ahead after the European morass is fixed."

Walgreen (WAG): "It's in a pickle because it didn't do the Express Scripts deal. They are redoing their stores, so it is a good and a bad, but that means nothing...don't buy."

Linn Energy (LINE): "I don't know, boss. Everything is up in the air in oil and gas because natural gas is so low. I don't mind LINE, but I don't like it as much. I would like to see an 8-9% yield before I'd pick it up."

Alcoa (AA): "They...are getting rid of expensive plants. If Europe comes back, it goes to $14, however, I am worried because I got Alcoa wrong last year, and now I don't want to recommend it."

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Source: Cramer Lightning Round - People's United Financial Is Like Watching Paint Dry (2/8/12)