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Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Thursday January 24. Click on a stock ticker for more analysis:

Bullish calls:

Vasco Data Security (NASDAQ:VDSI): 'The quarter was bad... The stock's too low to sell, even after the run today. Let's hold onto it until the mid-$20s.'
Covance (NYSE:CVD)
Parexel International (NASDAQ:PRXL)
State Street (NYSE:STT): ' … anyone who doesn't understand that company go to their website, and look at that conference call, which explained everything they did, and why they didn't make any mistakes, and why they deserve to sell at a premium multiple. $84 goes to $90.'
Spectra Energy (NYSE:SE): 'I would use that pullback... I would buy it, and I would buy it hand over fist.'
Horsehead Holding (NASDAQ:ZINC): 'I would not sell it down here... It's got a big zinc mine... Molybdenum is coming back too... I don't want to give up on ZINC.'
Cisco Systems (NASDAQ:CSCO)
Juniper Networks (NYSE:JNPR)
General Motors (NYSE:GM): 'I think General Motors Preferred is the way to go. It pays you almost 8%.'

Bearish calls:


Melco PBL Entertainment (NASDAQ:MPEL): 'I am through with those stocks.'
Las Vegas Sands (NYSE:LVS)
Albany Molecular Research (NASDAQ:AMRI): 'It's too dangerous.'
International Game Technology (NYSE:IGT): 'Tthe wind is out of the sails on this gaming business... There are too many casinos.'
Southwest Airlines (NYSE:LUV): 'I do not want to own an airline stock. I am certainly not going to start embracing them now.'
Brocade Communications (NASDAQ:BRCD): 'I blew BRCD. I'm not going to get them all right, but that's my take. I think BRCD's too low to sell, but I can't endorse it.'

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Source: Jim Cramer's Mad Money Lightning Round, 1/24/08: Parexel-ance