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Lightning Round: This stock is a dead cat bounce

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:

American Water Works: "It's been a huge winner, but it no longer has a big enough yield for me. So I'm going to take a pass."

New Residential Investment: "That 15 percent yield looks like a red flag to me. Probably have to do some more work on that to see how that is sustainable — not!"

Chicago Bridge & Iron: "It's too related to energy, and we are on an energy strike here. Particularly if you couldn't get a rally in oil today after the Saudi-Iranian tension."

McGraw Hill Financial: "I think it's fine. I think it's kind of a faux financial. My favorite faux financial are Visa and Mastercard, and Paypal — owned in my charitable trust. But McGraw Hill fits."

SunEdison: "SunEdison is a frontsy-backsy story. I've been reading Carlton English at TheStreet.com and it really is what I consider to be, yes I'm going to say it, a dead cat bounce. And they do bounce!"

Read more from Mad Money with Jim Cramer

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Kinder Morgan: "Keep wondering! The rest of us are wondering ourselves. So we are not going to touch that one."

Twitter: "I think Twitter is going down. My charitable trust owns a small stake in it. Why bother to own it? Because I think that the franchise can be re-energized. But I have very little near term hope because the company has given you very little near term hope."

Ball Corporation: "Oh man! The government should never have allowed that acquisition. They got a virtual duopoly when it comes to cans. Ball Corp? I say buy."

Universal Display: "It's a brilliant company. It's panel display infrastructure. It's a brilliant company run by brilliant people. It is often heavily shorted. I don't understand that. I think it's got decent earnings momentum, I like the stock."

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