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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Tuesday October 2.

Bullish Calls:

American Capital Agency (NASDAQ:AGNC): "I used to prefer Annaly, but now I have switched to American Capital Agency."

Bearish Calls:

Nokia (NYSE:NOK): "It's not okay. NOK stands for 'not okay.' Don't buy the stock."

Annaly (NYSE:NLY): Cramer now prefers American Capital Agency.

Windstream (NASDAQ:WIN): "We had them on the show. I wasn't convinced that they are going to do well. Don't buy."

Cellcom Israel (NYSE:CEL): "No. Way too risky for me."

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Source: Cramer's Lightning Round - Nokia Stands For Not Okay (10/2/12)