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

Achillion Pharmaceuticals: "They gave up the upside when they made that deal...We have to be very, very careful. I do not want to own that stock."

Retail Opportunity Investments Corp: "We are going to wait on the REITs because of all of this Fed rate hike talk. Unless it yields more than 5 percent, we are pulling back."

Kratos Defense & Security Inc: "That is a great idea! I can't opine on it, I'm going work on it all weekend. Thank you for bringing that to me, that fits exactly what I've been talking about and I didn't know."

Glu Mobile Inc: "Yes I know, the games business. Can I just say that we got a great quarter from GameStop? I would rather have you be in GameStop."

Boston Scientific Corp: "You have to take a little off the table because the discipline says no one ever got hurt taking a profit, and then let the rest run because that along with Medtronic, Edward's Lifescience and Saint Jude Med are the four horsemen of the heart business."

----------------------------------------------------------
Read more from Mad Money with Jim Cramer
Cramer Remix: The No. 1 play in cybersecurity
Cramer: Single hottest stock I follow
Southwest Airlines CEO: Heated competition
----------------------------------------------------------

Apple Hospitality REIT Inc: "That's interesting to me because it has now fallen back down to where it's at 6.5 percent yield. I'm with you on that one, I kind of like it."

Lloyds Banking Group: "People are telling me that this is the one if you believe in the turn. I push back and say this is the one that has already moved a lot. Let it come down another dollar and then pull the trigger."

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