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:

Groupon: "It is still to early to buy Groupon."

SunTrust Banks: "SunTrust is fine....I think you're fine. Don't expect anything to happen instantly because the market is a little funky. But that's a good place to be."

Syngenta AG: "I don't want you in that. I mean Dow Chemical is now 3 points below where it announced the bid. This is insane! I think at $48 you pull the trigger and buy that one."

Performance Sports Group: "I'm rocked about the sports group today. I don't know if I can even handle it because Polaris blew up today. And Scott Wine [Polaris CEO] was on the show and the stock is down 10 [points] and that does ATVs and does snowmobiles. I know that's not really analogous but I'm a little shell-shocked. I'm going to stay away from performance right now."

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Cisco Systems: "My charitable trust owns it, it yields 3 percent, it had a fine quarter and sells at 11 times earnings. I'm looking for inexpensive tech and I found it in Cisco. Don't expect it to run away. We had a lot of turmoil in the tech world today because Oracle wasn't that good. But Red Hat was beautiful!"

Public Service Enterprise Group: "They're fine. I like Consolidated Edison more, it has more growth. But PSEG, a lot of people have paid that bill and made some money on the stock. I'm not going to be dead set against it."

CVR Refining LP: "That one has held up much better than I thought. When I see that yield that big, I do get nervous. It has held up well. I am not a fan of refiners because at a certain point I think that the margin is going to go away. But I understand that it is tempting."

Chesapeake Energy Corp: "No, you don't want to touch that. Even if it is at $3. It's still too early to buy Chesapeake."

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