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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Tuesday June 26.

Bullish Calls:

Bristol Myers (NYSE:BMY): "This is the kind of market where you should be buying Bristol Myers."

KLA-Tencor (NASDAQ:KLAC): "Everyone has given up on KLAC. I think that is a big mistake. This quarter, I don't know about, but next year is going to be good."

Southern Company (NYSE:SO), American Electric Power (NYSE:AEP), ConEdison (NYSE:ED), Duke Energy (NYSE:DUK): "Buy, buy, buy Southern Company. American Electric Power, ConEdison and Duke are also stocks I like."

Roundy's (NYSE:RNDY): "I'm sticking with it. People are worried they didn't make the quarter. I think it is still a very inexpensive stock."

International Paper (NYSE:IP): "Why should I buy Rock Tenn when I can buy International Paper with a 3.7% yield?"

Boeing (NYSE:BA): "Why should I buy Spirit Aerosystems when I can buy BA ahead of that big airshow? I am a buyer of BA, especially under $70."

Bearish Calls:

Chimera Investment Corporation (NYSE:CIM): "It's chimerical. It got 3 downgrades this week. I know people think it is a cheap lottery ticket, but I don't trust the stock."

Thompson Creek (NYSE:TC): "Don't pull the trigger. There is nothing there."

Windstream (NASDAQ:WIN): "They blew the quarter. I am on the fence until I hear from them directly on why the quarter was bad."

Banco Santander (OTCQB:BCDRF): "They may have changed the symbol, but that doesn't matter. It is still a sell, sell, sell."

Rock Tenn (NYSE:RKT): Cramer prefers International Paper.

Spirit AeroSystems (NYSE:SPR): Cramer prefers Boeing.

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Source: Cramer's Lightning Round - Chimera Is Chimerical (6/26/12)