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:

Sunoco: "It's part of a huge agglomeration that is occurring, and I think that you aught to sell, sell, sell because there is other parts of the sector that are better. Use this lift to lighten up."

ConocoPhillips: "They are pledging to keep that dividend. They are pledging. But this oil cannot go in the $20s and for them, I believe they will not be able to make that pledge. But they have a lot of assets to sell. But at 7 percent, I am throwing a red flag because if oil doesn't come back up...they all need capital."

Annaly Capital Managment: "No, I don't like what are known as these mortgage real estate investment trusts. I just think they're too risky here, and they are value traps, too."

Read more from Mad Money with Jim Cramer

Cramer Remix: This stock could be a heartbreaker
Cramer: China could fall another 28%
Cramer: Market oversold—start picking these stocks

CVS Health: "Listen, you like CVS because CVS is an incredibly well-run company. That's what we want out of CVS. I prefer Walgreens more than CVS, but Walgreens and CVS are good companies."

LendingClub: "I cannot go down the food chain to LendingClub when I have got the possibility of investing in JPMorgan, down 10 percent from its high."

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer's world? Hit him up!
Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine

Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com