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

GW Pharmaceuticals: "Very speculative play, but you have to own GW Pharma for the long-term...but I believe it has a cannabis product that the doctors will want for a whole host of illnesses."

SunTrust Banks: "I think it's terrific. It's a great stock to buy if you think the economy is really coming back."

Arlington Asset: "I think the big yield is a red flag. It is very difficult to own these merchant banks. You're not sure what they are levered to, I'm taking a pass."

Prospect Capital: "That's another one that I don't want to buy because I don't like to be involved in these companies that are involved in a lot of difficult things that can't be figured out."

----------------------------------------------------------
Read more from Mad Money with Jim Cramer

Cramer says adios to OPEC's pricing power on oil
Cramer: Competition is a stock killer
----------------------------------------------------------

Range Resources: "This is a levered oil company. I think it can come down a little more, but it is probably going to bottom and then you can have a reversal. Cabot is the one I like."

Second Sight Medical: "This is the most speculative stock we have had on the lightning round in a week. If you want to speculate, I'm going to bless it. But it is not my cup of tea in an environment where you have stocks like Bristol-Myers coming in."

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