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:

AT&T: "I like AT&T, I like the merger with DirectTV. I think it's a buy and I also like the yield."

Golar LNG Limited: "I am recommending ETP. It is the one in that space, I'm not going to recommend a whole bunch of them. I also like the Cheniere master limited partnership that Charif Souki [CEO] has too."

Radius Health: "Look, every one of the speculative ones is getting killed. It could be Radius, we could be talking about Alder—it doesn't matter. I like Radius but it is a speculation and you have to be willing to take a little pain. Almost every biotech pretty much imploded in the last few weeks."

Cigna Corporation: "I like Cigna and I think it is a good idea. That combination is going to be great, but you have to deal with the Justice Department and all the ramifications of an M&A. It's going to take a long time."

Walgreens Boots Alliance: "I like it very much for actionalerts.com. It's got a lot of room to grow...we think it is undervalued since that last quarter was very good."

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GW Pharmaceuticals: "GW, Alder, Radius, Agios; they are all speculative plays that are out of favor right now. You have to understand the way biotech works. There are periods when you want to own it, and there periods where you are going ot have to take pain. I didn't say sell it. They are in pain-take mode if you want to have a longer term view on it."

Quality Systems: "This is the health care stuff, and it did not have a good quarter...I prefer Henry Schein. I know people are going to say that is equipment but Henry Schein has been my favorite in that group, and I reiterate that is the one to own. It's not really a consulting company, it's not software, it is hardware."

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