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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Wednesday July 11.

Bullish Calls:

Enterprise Products Partners (EPD): "Is one of the best MLPs. People will not sell that stock. I say, buy, buy buy."

Ascena (ASNA): "I like this stock very much, particularly because the Charming Shoppes deal is done. I say buy, buy, buy."

PolyOne (POL), PPG Industries (PPG): "It is a tough group, but they buy a lot of natural gas, and that is good. I say yes to that, and I will throw in that I like PPG, which is a better company."

Bearish Calls:

Best Buy (BBY): "...too much money has been lost in hhgregg and Radio Shack. Some people think there is a buyout. I don't think it is going to happen. I am a seller of BBY."

Teva Pharmaceuticals (TEVA): "Don't buy. I like the new CEO. I'm not going to tell you to sell it. They have one good drug that is proprietary, and the rest is commodity. I'm not going to tell you to sell it, but I'm not going to tell you to buy it."

Peabody (BTU): "Stay on the sidelines, because coal is dirt cheap. I'm afraid that one will go lower."

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Source: Cramer's Lightning Round - Don't Wait For A Best Buy Buyout (7/11/12)