Below are the stocks Jim Cramer discussed during his "Mad Money" "Lightning Round" on CNBC Thursday night. He says if you own Motorola ( MOT), "you are one lucky son of a gun." And if you own Cisco Systems ( CSCO), you are in good stead. Microsoft ( MSFT) is now moving higher and Cramer said that Cisco will "be last to move (higher), but move it will."

'The Lightning Round'

Bullish

Cramer also was bullish on Intel ( INTC), Fortune Brands ( FO), Cisco Systems ( CSCO), Dick's Sporting Goods ( DKS), National Oilwell Varco ( NOV), Public Service Enterprise ( PEG), Dominion Resources ( D), Stride Rite ( SRR), GlobalSantaFe ( GSF), PetroChina ( PTR), Chemed ( CHE), Wyeth ( WYE), CMGI ( CMGI), XTO Energy ( XTO), IntraLase ( ILSE), Canon ( CAJ), Best Buy ( BBY), Skyworks Solutions ( SWKS), and Con Edison ( ED).

Bearish

He was bearish on: St. Mary Land & Exploration ( SM), NutriSystem ( NTRI), Au Optronics ( AUO), OmniVision Technologies ( OVTI), Affymetrix ( AFFX), ViroPharma ( VPHM), Dynamic Materials ( BOOM), Dycom Industries ( DY), Affiliated Computer Services ( ACS), Ansys ( ANSS), Meridian Resources ( TMR), Quanta Services ( PWR), Gentex ( GNTX) and Presstek ( PRST).

Cramer also pointed to eight worst of breed stocks that could work under the right conditions. They are:

Rite Aid ( RAD). If we ever catch a flu outbreak -- along the lines of a pandemic -- this stock is for you.

Ditto Tenet Healthcare ( THC). If enough people get sick, even this stock could do well.

Doral Financial ( DRL). If the Federal Reserve ever stops raising rates, even this lowly Puerto Rican bank could make you some money.

Agco ( AG). When the cycle is strong, even these guys can't be denied, Cramer said.

AK Steel Holding ( AKS). The worst of the steel stocks, Cramer said, even move higher when steel spikes up.

Southern Peru Copper ( PCU). Cramer called this stock the worst of breed writ large. But even these guys can make money when copper is at astronomical levels.

Alon USA ( ALJ). Totally cheap, Cramer said. And even it works when the refinery cycle is on fire.

Parker Drilling ( PKD). It must be some environment for rigs, Cramer said. Even this one goes up.

Cramer's point in looking at these worst-of-breed stocks is that some times it makes sense to own certain stocks in certain situations. Even the worst-of-breed stocks have their days. But these are stocks that are only for a trade. When the cycle is hot, even the worst of breeds can catch a bid.
At the time of publication, Cramer was long Intel and Motorola.

James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for ActionAlertsPLUS. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict."

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