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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Monday October 1.

Bullish Calls:

Cabot Oil & Gas (COG): "One of the best-run oil and gas companies. Natural gas is bottoming. I would own it."

Celgene (CELG): "I like it. It is getting good data in Europe. I want to buy or own it."

Bearish Calls:

Devon (DVN): "I thought they were moving towards oil...they don't really seem to be. Devon is a disappointment."

Sears Holdings (SHLD): "I'm not going to recommend it. I won't shop there, and I don't want to own the stock."

ArcelorMittal (MT): "Just sell it. I don't want to own steel."

Frontier (FTR): “Not a good company. It’s in a bad space.”

Deckers (DECK): "One way to the opposite of Paradise with this one...We need to hear from management."

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Source: Cramer's Lightning Round - Devon Is A Disappointment (10/1/12)