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:

Lions Gate Entertainment Corp: "Lions Gate has had too big of a run for me. I think you have to wait. I think Disney has just pulled so much up, I now want to wait until Disney goes back to $108 or $109."

California Resources: "No this is one where I think sell, sell, sell. They did a smart thing in Occidental, which my charitable trust owns, by getting rid of this one."

Chesapeake Energy: "No."

Sprint: "I don't care for Sprint here because I like well-capitalized companies like Verizon and AT&T here or I like the faster grower T-Mobile. So there is no reason to put my name on Sprint here."

Micron Technology: "Micron went down because Intel announced it was moving aggressively into flash. This is now a stock that is trying to bottom and is not going to be able to succeed I don't think."

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AMAG Pharmaceuticals: "As long as you know it's speculative, because that's not the kind of stock you want to own right here when they are giving away Celgene. And they are giving away the Celgene, because it's such a political hot button."

Tyson Foods: "I blew it with Tyson Foods. My charitable trust owned it and I thought the last quarter was so bad, I decided to sell it. It lost a little bit of money and the stock has been right up. It is doing quite well."

Kansas City Southern: "Everyone keeps trying to call a bottom in this one...I don't do that. The only railroad that I do like is Union Pacific, and I still think it's too early to own that one."

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