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

Bullish Calls:

Jazz Pharmaceuticals (NASDAQ:JAZZ): "It is a great speculative stock. I should do more on it, because the more I look at it, the more excited I am about it. I want you to hold on."

DirecTV (NASDAQ:DTV): "Is an absolutely terrific stock."

Bearish Calls:

Exxon (NYSE:XOM): "52 week high. No one has gotten into trouble owning Exxon, but it is not my favorite in the group. I would like it to use natural gas more aggressively."

Halcon (NYSE:HK): "The patch has been rough, but that is a nice spec."

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Source: Cramer's Lightning Round - All That Jazz (8/15/12)