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Lightning Round: Put this away for later

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:

Qorvo: "The last quarter I did not like. If you are going to be in that semiconductor business, you have to stick with Skyworks Solutions."

Apogee Enterprises: "When I think of glass now, and I know it's not a major part of the business now, but when I think of coatings and infrastructure I am going to send you to PPG Industries. I don't know if you have looked at PPG now but this thing is now down to $87 from $118. That one is a buy buy buy."

Illumina Inc: "The stock is coming down because people feel that the biotechs cannot raise any more money to buy Illumina. This is the best equipment maker. You've got to take a little longer-term view, I do like the company."

Inovio: "We are in a major bear market for this stuff. This is one where you have to put it away. Look at Novavax yesterday, that company is doing everything right and it doesn't matter. We are in a bear market for biotech and you have to be patient or you have to say you'll come back some other time."

New York Mortgage Trust: "The big yield is a red flag. Why is it a red flag? Quite simply because it is not sustainable. I want to stay away from that."

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NRG Energy: "It's down 44 percent. It turns out what we really want from a utility is steady growth and a good dividend...that company is not perceived as being a steady grower with a good dividend. Now it yields 3.9 percent, so it has a decent dividend."

Kinder Morgan: "There has been gigantic selling in both the master limited partnerships in the pipeline space. I have to tell you that if you look at Energy Transfer Partners today, which has also been a victim of that, you will see what it means. Now KMI is no longer an MLP but it is doing well. And I don't care that everyone keeps selling it. Rich Kinder [CEO] is money."

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