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

Bullish Calls:

Celgene (NASDAQ:CELG): "(NYSE:CEO) Bob Hugin is money. They are going to blow out the numbers. It is going to be a big year for CELG. They have got a lot of new approvals. That is my favorite biotech stock."

McDonald's (NYSE:MCD): "I like that...we've done enough work to know that these monthly numbers do not control it...I am a buy buy buyer of MCD."

Wells Fargo (NYSE:WFC): "...is the kind of bank I want to buy here...WFC is a buy, buy, buy."

BGC Partners (NASDAQ:BGCP): "...we had the CEO on...he made it clear the company can pay the dividend...I am not that concerned...will it have growth? We need to see the market a little bit better, but they can pay that dividend."

Cypress Semiconductor (NASDAQ:CY): "It's inexpensive...I think CY gets hit again. At $14, you should buy it, because the company has a boatload of cash, but the company has been disappointing."

Cummins (NYSE:CMI), Magna (NYSE:MGA): "...CMI is for trucks, autos is MGA."

Bearish Calls:

J.C. Penney (NYSE:JCP): "I think the stock has run. I want it to pull back...When Ron Johnson (became CEO), I said you should buy...it ran to $42-43, and now I'm in neutral mode."

Alpha Natural (NYSE:ANR): "ANR is at a 52 week low...the coal market is endlessly down...I don't want to sell it anymore, but I can't tell you to buy, because I don't have a reason to buy."

Weight Watchers (NYSE:WTW): "I didn't like the quarter...they have a tender offer, I would sell into the tender offer."

Accuride (NYSE:ACW): "I screwed up on Accuride. I thought I could play the turn in autos through that. It was the wrong play."

Office Depot (NYSE:ODP): "That was a disaster."

Giant International (NYSE:GA): "Every time I ever recommend a game stock, they should shoot me. I'm not going to start now."

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Source: Cramer's Lightning Round - My Favorite Biotech Stock (3/8/12)