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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Thursday September 20.

Bullish Calls:

Sprint (NYSE:S): "....You should buy Sprint at $5. This is the way to go to get the advantages of telco without the "leap" of Leap."

Diageo (NYSE:DEO), Beam (NYSE:BEAM), Brown- Forman (BFA): "These are all terrific stocks."

Duke Energy (NYSE:DUK): "I'm a buyer."

Gannett (NYSE:GCI): "I would like it to come in a little...but I like it."

Weyerhaeuser (NYSE:WY): "I like WY...It hasn't rallied yet (the other housing plays have)."

Chevron (NYSE:CVX): "Chevron is cheaper (than Conoco-Phillips) and has more growth."

Schlumberger (NYSE:SLB): "I like SLB at a discount. I'm going for Schlumberger and not Tenaris."

Sirius XM Radio (NASDAQ:SIRI): "Comments about Mel Karmazin were insulting. Mel, come onto this show and talk about how you saved this company. They are putting a cap on this stock. Mel, come onto this show and tell your story, because I'm a believer."

Bearish Calls:

Leap Wireless (LEAP): "Look before you Leap (Cramer prefers Sprint)."

Exxon (NYSE:XOM): "No one got hurt buying Exxon, but it is just okay in my book."

Hovnanian Enterprises (NYSE:HOV): Cramer prefers Weyerhaeuser.

Conoco-Phillips (NYSE:COP): "It's okay, but I'm a bit disappointed with growth (Cramer prefers Chevron)."

Tenaris (NYSE:TS): Cramer prefers Schlumberger.

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Source: Cramer's Lightning Round - Sprint, Don't Leap (9/20/12)