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:

BlackRock: "You're not going to go wrong with Blackrock, because it's one of the best run financial companies in the world. I love those guys."

Halliburton Company: "Halliburton, David Lesar [CEO] he is doing a terrific job. I don't care whether there is a deal ... or not. That quarter was the turn quarter. I like the stock."

Freeport-McMoRan: "If this stock goes down $1.50 that is where I would do it. It's just had such a big run last week, I think it's got a soft basis right now. It's coming in on quicksand, let it come down. But you're fine because I think that copper has bottomed and I love what they did with the balance sheet."

Patterson Companies: "There is something wrong with the dental business. We have to speak to Henry Schein, it has suddenly gotten very competitive. We are going to say right now, don't buy."

Chesapeake Energy: "I'm actually warming up to Chesapeake. I think it's a buy because natural gas, we are exporting a lot and Mexico needs it. Chesapeake we were up there in Ohio when we saw the late Aubrey McClendon and all the Utica nat gas. I like this stock. That's a big change of heart."

Insys Therapaeutics: "Look, it's a highly speculative company. It's come down a lot. People think it's going to be a takeover candidate. I've got to tell you, don't buy. It's too risky for me."

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