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Lightning Round: Two upgrades & it's still cheap

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:

McKessen Corp: "McKesson right now is caught up in this incredible rolling bear market of health care. I think you've got to wait a couple of days, let things sort out. This stock is going lower, not higher. They want the industrials and they want the techs right now."

Waste Management: "Not one, but two upgrades in the last two days. We believe in Mr. Steiner [CEO]. The stock's still cheap, I think it could go to $60."

DuPont: "Nelson Peltz is still there trying to push for change. The stock got hammered after he did not get on the board. I like DuPont but I've got to tell you, DuPont at $59 is not as good as Dow Chemical right here."

Cheniere Energy: "Too early! ...Exxon had a major breakout today. You've got to stick with the major oils, Cheniere will come back. But right now the action is in all the big cap companies, whether it be Chevron or Exxon."

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CenturyLink: "You will be reaching for yield if you want that. It gives you 7 percent yield. I'll bless the stock going from $27-28 up to $30-31 and then you've got to sell it. You know what's a better buy right here? AT&T with its spectacular upside surprise. It has a good yield. Congratulations, they got it together."

Novocure: "We liked Novocure very much. We thought it was an undervalued situation when it came public. It then proceeded to almost double and has come all the way back. I want you to wait a little because I need to see these biotechs and these high medical valuation stocks finish their selling before I will pound the table again."

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