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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Friday June 22.

Bullish Calls:

Annaly (NLY): "Go buy Annaly. It has a great yield and it's better run."

Eli Lilly (LLY): "I want you in Eli Lilly. It has a good yield and better growth (than AstraZeneca)."

ConocoPhillips (COP): "I want you in something safer (than United States Oil ETF). COP has a great yield to protect you on a downside and can give you some upside."

Cerner (CERN): "Buy Cerner. For Cerner, it doesn't matter what the Supremes do (how the Supreme Court decides on healthcare)."

Bearish Calls:

Caterpillar (CAT): "I want you to wait and see the quarter. I'm afraid they will guide down. After the quarter might be a better time to buy."

Hatteras Financial (HTS): Cramer prefers Annaly

United States Oil ETF (USO): "I don't want you in USO."

AstraZeneca (AZN): "Nice yield, but no growth."

Pengrowth Energy Trust (PGH): "Too levered to price of oil."

Nuance Communications (NUAN): "Too speculative for this guy. Let it go higher, but I don't want to touch it."

Athenahealth (ATHN): Cramer prefers Cerner.

Health Management Associates (HMA): "I don't like the hospital plays."

Allot Communications (ALLT): "I now feel, even though it is really good, that it is best to take profits and let the rest run."

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Source: Cramer's Lightning Round - Wait For Caterpillar (6/22/12)