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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Thursday August 23.

Bullish Calls:

Forest Labs (NYSE:FRX):"Carl Icahn has been worth following. He has been the right guy to be with. So concerning Forest Labs, I say, buy, buy, buy."

EBay (NASDAQ:EBAY) is a stock Cramer prefers to MercadoLibre.

AIG (NYSE:AIG): "You should do a little bit of selling, only because it has run so much. I still think it is good. Wait for a pullback to buy more."

Altria (NYSE:MO): "That stock is coming in, because dividend plays are coming in. I'm not recommending cigarettes, but I will recommend this cigarette stock after its decline."

Bearish Calls:

MercadoLibre (NASDAQ:MELI): "The EBay of Latin America. I am not keen on it up here. I'd rather own EBay."

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Source: Cramer's Lightning Round - Follow Carl Icahn Into The Forest (8/23/12)