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:
Phillips 66: "I don't like the margins anymore on some of these businesses. You want to be careful — it is not my favorite name."
Exelixis: "I like the risk-reward on that one. Now for a $4 stock remember you can lose $4 and people aren't speculating right now, but I like that pipeline very much."
Michael Kors: "I finally saw an upgrade today. I think that stock is nearing a bottom. I would now say that and Coach are getting very close to rock bottom valuations. I wouldn't pull the trigger yet, but I'm no longer negative on Kors. And I've been saying sell it for about 100 points."
Read more from Mad Money with Jim Cramer
Cramer Remix: This group is as bad as oil
Cramer: Don't bother buying. It's capital preservation time
Cramer's game plan: Cash is king next week
: "That deal is over, it's done. You ring the register and you move on."
International Paper: "It does have a 5 percent yield. I would start accumulating the stock at around 5.5 percent, which I think would mean it's still got some downside but I do think the yield is safe."
BB&T: "As long as you say long-haul ... but BB&T is not one I would throw away down here. It's just too cheap."
Intuitive Surgical: "Intuitive Surgical is like Netflix. These things do not need a powerful economy. They are really, really hard to own. But if you want to own one, whether it be a FANG or an Intuitive Surgical, it's fine with me. Don't own too many."
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