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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Monday May 21.

Bullish Calls:

National Oilwell Varco (NYSE:NOV): "It is the best company in the industry. Oil is not going down much more...it is almost a monopoly in terms of making rigs. Don't sell it."

Opko Health (NYSE:OPK): "I'm still a believer...I would pick some up."

Hain (NASDAQ:HAIN): "I like Hain, which is cheaper (than Annie's)."

Sturm, Ruger & Company (NYSE:RGR): "...it had a a production glitch and a lot of orders...pick some up here."

Bearish Calls:

Polycom (NASDAQ:PLCM): "Stay away from that...there is nothing there. I can't imagine a worse set of circumstances."

Annie's (NYSE:BNNY): "It's back to $34-35. Don't buy."

Total (NYSE:TOT): "The yield is safe, but I don't want to own it because it has no growth."

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Source: Cramer's Lightning Round - National Oilwell Varco Is Almost A Monopoly (5/21/12)