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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Monday March 19.

Bullish Calls:

Tempur-Pedic International (NYSE:TPX): "These mattress stocks are as hot as a pistol. We like TPX...it is pretty inflated here, but it is a winner and a play on the housing turn."

Threshold (NASDAQ:THLD): "They have this orphan drug issue that was really positive...if you are making this the speculative part of your portfolio, I will bless it."

Kodiak Oil&Gas (NYSE:KOG): "Has tons of oil...that is a winner. I want you to stay in it."

Freeport McMoRan (NYSE:FCX): "I think people are short FCX...it has a hideous chart, but I think copper demand is going to surprise people, particularly copper demand in this country."

NICE Systems (NASDAQ:NICE): "I like security. I like Nice. Security remains a fabulous theme in this market."

Bearish Calls:

Leucadia National Corporation (NYSE:LUK): "You can't understand what it is. I say 'ixnay.' It is too hard to understand."

Perfect World (NASDAQ:PWRD): "I love games...I really understand the thesis, but PWRD is Chinese. I gotta balk... you are on your own. I can't endorse it."

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Source: Cramer's Lightning Round - Mattress Stocks Are Hot As A Pistol (3/19/12)