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Lightning Round: The cheapest way to play Alibaba

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:

Alibaba: "We want to stay away from Alibaba. The only we want to play Alibaba is through Yahoo, and there we are actually worried about the tax consequences. But Yahoo is a cheap way to play it because it's kind of worth nothing after they get rid of Alibaba."

Under Armour: "Okay here is the problem with Under Armour, the stock just ran. It was languishing for the last two weeks, nobody wanted it. Suddenly it goes to a 52-week high and everybody wants it! I say as much as I like Kevin Plank [Under Armour CEO], you have to wait for a pullback which the company will give you. It's just that there is a lot of heat right now because they have endorsed the right people, but let's just wait until it comes in a bit."

Vector Group: "We like Vector Group. I don't like to recommend any tobacco stocks. But Altria had a good quarter, Philip Morris had a good quarter. This one's got a great quarter. At a 52-week high and it's got a good yield. Again, I don't like to recommend them but I have to admit they are compelling on a fundamental basis."

World Wrestling Entertainment: "I've been against this stock for a long time, I was right on the way down and I did not call bottom. Right now I am too cold on the stock, I don't feel like I have a lot to offer."

Horizon Pharma: "I talked to Tim Walbert this morning, he is the CEO. There is no doubt about it that the last two acquisitions were simply brilliant. But remember he's trying to acquire the depomed, and I think he has to pay a little too much to get it. That said if the stock pulled back again, yes, but at the all-time high I can't recommend it."

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Cisco Systems: "Here is the problem with Cisco: everyone has decided it is going to miss the quarter. I don't know where they get that. It's got a terrific new CEO. I happen to think the stock is very cheap, it's got a good yield. John Chambers is the outgoing CEO and we are going to be able to get Robbins. Robbins will do a terrific job, I know that the stop seems stalled. Do not give up on it! I like Cisco.

Annaly Capital Management Inc: "Annaly rocked my world tonight because the CEO is leaving...This new CEO now gone. I don't know enough about it and I've got to find out more about what went wrong. I don't like Annaly and I want you to stay away from it."

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