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Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday March 5. Click on a stock ticker for more analysis:

Bullish calls:

Public Service Enterprise (NYSE:PEG): "I have been surprised here. They guided down so small and people panicked. They're wrong. It's a buy."
McDonald's (NYSE:MCD): "I love McDonald's. I think the entry point is $53 to $54. This is a great long-term story."
L-3 Communciations (NYSE:LLL): "I think L3 is one of the great defense contractors."
General Dynamics (NYSE:GD), Raytheon (NYSE:RTN), Textron (NYSE:TXT)
EMC (NYSE:EMC): "Why is that stock going down…EMC is cheap. I like EMC."
Walt Disney (NYSE:DIS): "Everything points to Disney going up 25% from here. I think they're fabulous."

Bearish calls:

Tata Motors (NYSE:TTM): "Tata bit off more than it can chew with their acquisition today. I want to sell, sell, sell Tata"
Boeing (NYSE:BA): "Boeing is troubling to me. It's a great American company, but this Dreamliner is a problem. The answer is "don't buy until they figure it out."
Moody's (NYSE:MCO): "Are you kidding me. I think the rating agencies are going away. I would sell this one right here"
Sony (NYSE:SNE): "That was one of the worst quarters I've ever seen. I want to sell Sony."

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Source: Jim Cramer's Mad Money Lightning Round, 3/26/08: Boeing's Dreamliner Insomnia