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:
Pfizer: "Pfizer is precisely the wrong stock if the Fed is about to pull the trigger on high rates. $31 is the new price target, though I do like the company longer term, but only if it buys Allergan."
Lannett Company, Inc: "No man! Were you on that conference call? That was the conference call from hades. They made that acquisition and it was terrible. Sell, sell, sell. Boooo."
Rose Rock Midstream LP: "No, it's a midstream. These midstreamers, I'm just telling you right now to sell, sell, sell. We are not going to own them. We are not going to try to trust their dividend. We are just going to get out of the midstreams for now. They had their day, we will revisit them lower when we start seeing the real cracks occurring in the oil and gas pipeline business."
Philip Morris International Inc: "They crushed this darned thing as part of the great rotation out of the soft good, consumer packaged goods stocks into the banks. And I've got to tell you — it's not over. I think to sell is prudent."
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Himax Technologies: "It's way too one-product oriented, and I've seen have days that just take your breath away. We are going to stay away."
Navios Maritime Partners: "Way too risky! We like Nordic American Tanker. That is the one we like because we see China buying more oil. That's our plan, that's why we like Nordic and it is doing very well."