Lightning Round: Cut your losses on this

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

Berkshire Hathaway, B shares: "That's another stock that we don't want to trade, we want to own it."

Phillip Morris: "Phillip Morris had a really good quarter. I'm still not going to recommend the stock. I'm not recommending tobacco stocks as a matter of principle these days."

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Chicago Bridge & Iron: "I think you should cut your losses with Chicago Bridge & Iron. You don't want to be there."

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