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

Bullish Calls:

Microsoft (MSFT): "I think it is terrific. This stock is inexpensive. It has a bunch of products in the pipeline, and a great balance sheet. CEO Steve Ballmer is going to redeem himself."

AT&T (T): "Buy, buy, buy. AT&T has it all. It is absolutely terrific."

Chipotle Mexican Grill (CMG), Panera (PNRA): "I can't believe it (Chipotle) came down so much. I like it and Panera."

Kimberley-Clark (KMB): "It is going to go higher. Management is doing an incredible job."

Lions Gate Entertainment (LGF): "I want to buy it ... there are new movies in the pipeline. It is good, but a bit speculative."

Lockheed Martin (LMT): "I happen to like the yield. I think it is terrific. If Romney is going to win, the stock will fly. I think it is fine right here."

Travelers (TRV), AIG (AIG): " .... If I am going to own an insurer, I'm going to own Travelers or AIG. I think AIG could go up 20 points and still be a buy."

Devon (DVN): " ... people think natural gas has bottomed. If that is the case, I like Devon."

Bearish Calls

Tesla Motors (TSLA): "We have not liked the stock ... I am going to say: sell, sell, sell."

Hess (HES): "Hess has been an absolute disaster. One of the worst stocks I've recommended. They don't know how to execute. Sell, sell, sell."

Cresud (CRESY): "So dicey, I can't do it. I'm not recommending any Latin American stocks."

Lincoln (LNC): "Too risky."

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Source: Cramer's Lightning Round - Steve Ballmer Is Going To Redeem Himself (6/15/12)