×

Lightning Round: My new plan for the next 30 years

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:

SolarCity: "I ain't gonna play SolarCity, you kidding me? We've got First Solar if we are going to go down that path, which is a company that has a good balance sheet and isn't relying on the kindness of strangers in the government."

SM Energy: "No! We are not recommending any of these oil stocks. Remember — fossil fuels, we are just against them. That's my new plan for the next 30 years of this show."

Under Armour: "I've been working on a piece involving Under Armour, Columbia Sportswear and Deckers. These are companies that have all been hurt by the warm weather. I also think that some people feel that Kevin Plank [CEO] is losing share, but I refer to Daymond John who in his excellent book said that Under Armour is for real. At $67 I would be willing to put a quarter of a position on and wait for lower prices."

Read more from Mad Money with Jim Cramer

Cramer Remix: Is Netflix stock still binge-worthy?
Cramer: Charts showing a huge S&P correction could becoming
Cramer: Your only hope for this treacherous market

First Niagara Financial Group: "I've got to tell you that people don't want to own banks that have gigantic energy exposure. We do have to check to see whether they have Ohio, Utica exposure."

Rite Aid: "I like it either way. I typically don't say this. I think you're a winner either way in that merger, and I think Rite Aid is a winner."

Tesla Motors: "Cult stock ... I do think that Tesla is a stock that younger people want to own, and I'm not going to discourage them even though I think it's expensive."

Chipotle: "This is a really hard one, because I think Chipotle is going to come back ... I've been Chipotle and I'm still fine, aren't I? But here's the problem. This is the deal, Chipotle is not going to have a good quarter. So if you really are going to buy it, why not buy a little closer to $400."

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