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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Tuesday May 15.

Bullish Calls

DirecTV Group (DTV): "...DirecTV is a better buy (than Dish). It is a better company."

Energy Transfer Partners (ETP): "...the MLPs are down. I'm going to send you to Energy Transfer Partners."

Bearish Calls:

McDonald's (MCD): "Someone downgraded it and it didn't go down...ordinarily, I'd say buy it, but it was an informed downgrade...let's wait and see if we can get it between a 3% and 3.5% yield."

Tractor Supply Company (TSCO): "Someone is going to say this should be sold....we are going to take this down to $92-93 as a place to buy. Not right here."

Newcastle Investment (NCT): "We've looked at this over and over again...unless they come on the show, I don't know what they own...and if I don't know what they own, I'd be darned if I would say they are a buy."

DISH Network (DISH): "I think it is okay...I like DirecTV better."

Calumet Specialty Products Partners (CLMT): "I want to send you to ETP."

Avis Budget Group (CAR): "There is a slowdown in this...I would like to see it down 10-15% more before I would buy."

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Source: Cramer's Lightning Round - McDonald's Informed Downgrade (5/15/12)