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

MasterCard: "With Mastercard we [Cramer's charitable trust] did a little trimming today. Why? Because we were a little concerned about that European lawsuit."

Boeing: "We are going to wait for the quarter, because sometimes it acts squishy in the quarter and then after it does that we will probably pull the trigger."

Dillard's: "A couple of downgrades and the stock is now down 40 straight points. I agree with you, I think it is overdone on the down side."

Progressive Waste Solutions: "Interesting, but if Waste Management is going down I'm not going to get into Progressive Waste."

Novavax: "I don't know, it's got everything priced in for perfection so you better get perfection."

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Timken Co: "The problem with Timken is that it's a steel company, and China has just not let up."

Rio Tinto: "No. Take a trip to Rio. Fly down to Rio. Do anything with Rio, but buy the stock of Rio. It's commodities and that is China."

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