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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Thursday May 31.

Bullish Calls:

Annaly (NLY): "I feel much better about that (rather than Chimera). It has a 13% return. NLY has been good money and has a good manager."

Realty Income Corporation (O): "I agree with you. I think it is a great call. It is a domestic play with great growth prospect. Well played and well done."

Home Depot (HD): "Home Depot is the only depot I want to go to."

Verizon (VZ): "I like Verizon (better than Virgin Media) because I like to sleep at night."

Bearish Calls:

Virgin Media (VMED): "Why do you need that craziness?"

MetroPCS (PCS): "Its time has come and gone. the business is not doing well."

Chimera Investment (CIM): (Cramer prefers Annaly).

Office Depot (ODP): "I think you have to stay away."

Brocade (BRCD): "I don't like the stock or the segment."

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Source: Cramer's Lightning Round - Virgin On The Ridiculous (5/31/12)