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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Friday October 5.

Bullish Calls:

Vector Group (VGR) and Phillip Morris (PM): "I like Vector's yield, but my favorite in the group is Phillip Morris."

Bearish Calls:

Skechers USA (SKX): "It's a sinking ship. Sell, sell, sell."

Abbot Labs (ABT): "It cannot be bought here. Wait for a pullback to the mid 60s. It is going to split. It is going to be a great situation."

Cypress Semiconductors (CY): "I see no reason to own the stock. I want to wait to see the quarter. I can't own Cypress."

Aircastle (AYR): "That is a leasing business and it is not for me."

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Source: Cramer's Lightning Round - Skechers Is A Sinking Ship (10/5/12)