Lightning Round: It has an incredible buyback

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:

Emerson Electric Co: "I think Emerson, even with that 4 percent yield, is not a buy because they keep missing the numbers."

Baidu Inc: "No, we don't recommend Chinese stocks on this show. We have enough problems with American stocks."

Corrections Corp of America: "No, I'm not that keen on privatizing and making money off of that. I don't want a political situation developing, either."

Read more from Mad Money with Jim Cramer

Cramer Remix: Dow is on life support—economy next?
Cramer: Oil's ugly price war just got worse
Cramer: That sell-off wasn't hideous enough

Monro Muffler Brake Inc: "When I go to that area I go to the zone. The AutoZone. Why? Incredible buyback."

Diamondback Energy Inc: "I think you've got a chance to be able to lighten up Diamondback Energy into any opportunity. It had a big gain today. We are not going to fool around with fossil fuels. You've got your whole life ahead of you. You should be focused on high-growth stocks."

Blackhawk Network Holdings: "I like that stock. Management is terrific. It's down on its luck lately, but I think the last quarter we had the CEO on and it was darned good."

Service Corp. International: "This is a play on funerals. It's a pretty consistent business. That stock has come down way too much. That's kind of interesting, I've got to do some more work on that."

Teladoc Inc: "Too crowded of a space. We know that. It's just too crowded. There's not enough proprietary going on at Teladoc."

Energy Transfer Partners: "Very controversial ... We cut it to two-thirds and ribbons in the $40s. Trying to make a little bit of a stand here in the $20s. Not really working out, the stock's going higher."

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?