It's that time again! The Lightning Round bell has rung, and Jim Cramer gives his take on a few favorite audience stocks:

Tekmira Pharmaceuticals Corp: "No. If we are going to do speculative in that biotech area we like Receptos, Radius and we like BioMarin."

Petroleo Brasileiro Petrobras: "No, I'm not going there."

Gogo Inc: "I think a lot of people got too negative on Gogo, maybe me included, but I've got to tell you that this stock has been red hot. I still am on the fence because I want this thing to be able to load better. But look, the buyers are speaking loudly and the shorts are covering."

Kite Pharma: "I like Kite, but if you're going to go down that path you've got to go Blue Bird...that's the better bet."

----------------------------------------------------------
Read more from Mad Money with Jim Cramer
Cramer Remix: Too low to sell now
Cramer: Boom! Euro ready to snap back
Cramer: Spot gems beneath market rubble
----------------------------------------------------------

Medtronic PLC: "I like Metronic. I'll see you Metronic, and I'll raise you with Edwards Lifesciences. And then you know what? It's got the full house in Saint Jude. Saint Jude, then Edwards Lifesciences. No slam on Metronic, those are two other great companies."

Alibaba Group: "I say own Yahoo. I cannot believe that the company is actually worthless after all the stake that they've got in this."

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer's world? Hit him up!
Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine

Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com