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Lightning Round: Great buy for an oil bottom

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:

Fiserv Inc: "Good financial service, I happen to love those kind of financial service providers. They do quite well in this environment. I'm going to say buy buy buy."

Transocean: "I say if we are looking at a bottom, then go buy Schlumberger, merging with Cameron. That is going to have some arbitrage pressure, but I like that if we are going to be in the oil services business or Core Labs."

United Rentals Inc: "That is a tough one. United Rentals is a tough one because it disappointed a lot of people. It is a big construction equipment rental company and I know it is a good company. Here's my problem, in the end that is not where the strength in the market is so I am going to have to say you can do it for a trade but I am not going to bless it for investment."

SunTrust Banks: "I saw an upgrade today for SunTrust and I thinking 'wow that stock is all the way back to where it was a year ago.' But it is up very big today and you have to wait again. Can't come in at this price."

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Honeywell Intl: "My charitable trust owns a position on Honeywell and I would have loved to have been able to get more. Now it's up too much, but you know what? It is still down from the mid $100s. I think you are in great shape with Honeywell. Maybe you'll get another chance to buy it when some Fed guy says the wrong thing."

American Capital Agency Corp: "My problem is this is a risky stock. Believe it or not, that is a yield that is to me unsafe."

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