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:

BP PLC: "BP, no. Look, it's not bad. It's just I like growth in the dividend."

Paychex Inc: "Trump stock. Simple enough."

Wendy's Co: "I've been liking Wendy's for a long time and I'm not relenting one bit! I'll throw in McDonald's and let me give you an actionalertsplus.com name Panera. New Labor Department secretary has a different idea about labor than the previous guy."

PayPal Holdings: "Under $40 I like the stock. It has not had an ability to be able to pass $40. People are buying all of the real bank stocks now. They're buying the 'first national bank of Trump' a.ka. Bank of America."

Petroleo Brasileiro: "The Brazilian government changed, the real got stronger and all I can say is you know what, not bad."

TransCanada Corporation: "Trump stock. I mean, really! I like the stock very much."

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