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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Friday February 24.

Bullish Calls:

ConocoPhillips (NYSE:COP): "The answer is, you buy, buy, buy...it is about to explode here if oil keeps going higher. COP is for me."

Goldgcorp (NYSE:GG), Randgold (NASDAQ:GOLD), SPDR Gold Trust (NYSEARCA:GLD): "Goldcorp was the best quarter, other than Randgold ... It was the best quarter we saw. I like GG. I like GLD even more."

Sandridge (NYSE:SD): "I'm wiling to go with Sandridge after last night's quarter, which was quite good. That could be worth buying here at $8."

Michael Kors (NYSE:KORS): "The stock has pulled back 6-7%...that is a terrific level to get in. Buy KORS."

Bearish Calls:

Cellcom Israel (NYSE:CEL): "I'm worried about that yield. That stock is going down...I am worried...No danka."

Oncothyreon (NASDAQ:ONTY): "I'm wiling to speculate on a lot of biotechs, but you have to have some revenues. This is too far out there, even for this guy."

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Source: Cramer's Lightning Round - ConocoPhillips Is About To Explode (2/24/12)