It's that time again! The Lightning Round bell has rung, and Jim Cramer gives his take on a few favorite audience stocks:

Alcoa: "I like Alcoa here. It's been stalled a little bit, but that's okay. It's gathering strength and I like the new company because it's much more aerospace related and I think it goes higher."

Advanced Micro Devices: "I don't want you to touch it. If you want to own a semiconductor company, I'm going to bless Skyworks Solutions, and that's the best. If you want to own one that has good yield then do Intel. I do not want you to touch AMD."

LeapFrog: "No, no, no, no, no, no. I'm willing to bless Hasbro, but not that guy."

Enterprise Products Partners: "What a horse, man. Older person, younger person, it doesn't matter. That stock is a winner and I like that 3+ percent yield."

Freeport-McMoRan: "This was one of the worst. I liked it on a technical basis and I thought it was going to come back. It's too cheap to sell right now, but copper has broken down. I know there are some good ideas out of Chile that maybe they'll cut back on copper production, but I am not going to recommend Freeport-McMoran."

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Alliant Techsystems: "They're making that merger and it's had some problems, but I'm going to stick with Alliant because I think that they're business is pretty good."

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