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:

Extra Space Storage: "No, rates are going higher. That's that whole point of what happened today with the 10-year bond. So no, we are going to stay away from that stock right now until we get a little bit higher yield by having the stock go lower."

HCP Inc: "Right now I'm a little down on medical buildings. There is some weakness in the sector. We are going to just stay away. Just don't need that risk to pick up a little extra V."

Berkshire Hathaway, B shares: "I don't know how magnanimous it will be, but I do know that Warren Buffett [CEO] knows how to make money and he makes money in any kind of situation. And he's also a great American."

Costamare: "That's a container ship play. We don't like the container ships."

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