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

Anheuser Busch Inbev: "I like Bud because I like beer, but I have to tell you I'm a Constellation man."

The Blackstone Group: "The only private equity company I recommend is Blackstone. They delivered again and they'll continue to deliver. They've got real smart guys, and a lot of horse sense there."

CSX Corp: "CSX long-term is okay. I do prefer Union Pacific because I like the better mix of cargo. The cargo at Union Pacific has it all over CSX—it's that coal factor."

Altria Group: "Yes, unfortunately people still smoke...how much do you have to pay to kill yourself? But anyway, the stock is good."

Flextronics: "This stock should be higher. Enough already! The company is buying stock, they're in every single different part of technology, they are the internet of all things. Buy, buy, buy."

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Read more from Mad Money with Jim Cramer:
Cramer Remix: Hold this stock for the long term
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Mannkind Corp: "We have stocks like Bristol Myers, why do we fool around with Mannkind? We do not. No, I'm not going to recommend that stock."

Genpact Limited: "This is the business process company that I have liked for ages, and will continue to like. There is no reason to sell. If anything, on a pullback I want you to buy."

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