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:
Regeneron: "Len Schleifer [CEO] is doing a great job. This is a high multiple stock that people don't like right now. They do report next week, it will come back in favor eventually. In the meantime, understand the forecast is pain until the forced sellers stop."
Louisiana-Pacific Corporation: "They are selling all of these stocks. I would tell you that Louisiana-Pacific is making a comeback, but I prefer WY. Why? Because it yields 5 percent. You want dividend protection here."
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BB&T Corp: "BB&T did not have a strong quarter. It's a good company, I wouldn't be trading around it. But there are others that are doing better, and I have to tell you that if you wanted a regional bank in that area I prefer Key or First Horizon."
Ionis Pharma: "This is Stanley Crooke's company and here is the problem with Ionis — those stocks are all going lower. You've got to be willing to take some pain. I don't know whether you can sidestep the pain or not. It might be worth it. Ionis is a good company but it doesn't matter right now."