It's that time again! Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed:

Semgroup: "No, I want to sell it ... I'm not going to play Semgroup because I would rather do EPD. That would be better."

Manitowoc Company Inc: "While I do believe that those two don't belong under the same roof — that's the foodservice equipment and the cranes — that crane business is in a Chinese related cyclical decline, but people don't think China is going to pull out of that tailspin."

LyondellBassell Industries: "A very good company, but I see Dow Chemical breaking out. I'd rather be in Dow."

Boeing Co: "Okay, Boeing is a buy. I know that Boeing has been tough as of late, but the airspace thesis has not slowed down. And the defense thesis has kicked in."

Veeva Systems Inc: "It's a cloud-based system. I had to pull in from a lot of cloud-based use. It absolutely seems to have bottomed, and Workday reports tomorrow. But with Salesforce.com going through $80 that encourages me to favor the cloud stocks."

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Tesla Motors: "That is a cult stock. If you really like the car, and you really believe in Elon Musk [CEO] then you buy it. Otherwise I can't find an actual metric that makes me want to recommend that stock on a business bases. But people love the car and they love Musk."

Coca-Cola: "I think Coca-Cola is an inexpensive stock, and Muhtar Kent [CEO] is doing a good job and I want to buy it. I think it goes to $45."

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