×

Lightning Round: Golden price to strike on oil

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:

Nordic American Tankers: "That is actually making that dividend. NAT is doing well, Herbjorn Hansson [CEO] says a lot of oil is being shipped all over the world, even though it seems like oil is slowing down. I think you're fine."

ConocoPhillips: "I've been saying that oil has to test $43. It's at $45. It's got to hold $43 or there will be another step function down...We've been very disciplined, buying a little bit, but see what happens at $43 because that is where it bottomed before. If it doesn't hold it, then Conoco is going to go down even more and people will stop thinking that the dividend is safe, even though I think it is right now."

Boot Barn Holdings: "Boot Barn was okay, it wasn't great. Look, we liked the stock when it was like low $20s and then boom. There is a seller out there that has hurt it, but when we went through it with some of my researchers and we feel when this big piece trades—that's what it is, a big piece of selling—then the stock will be a buy. This wasn't that bad of a quarter."

Read more from Mad Money with Jim Cramer:

Cypress Semiconductor: "I want you to buy it. It's a 4 percent yield and I think that T.J. Rodgers is doing a terrific job. I don't want to sell that stock down here, no way!"

Sears Holdings Corp: "I don't see a lot of future there in Sears. In the end I go by same-store sales and the same-store sales there are miserable, and that's the only metric I know to be able to measure things by."

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