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Lightning Round: Profit takers could be lurking

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:

PayPal Holdings: "Oh my, Dan Schulman has been on the show twice. He is the CEO of PayPal. The analysts are finally discovering how good it is with Venmo. It is breaking out, do not sell it. I would be a buyer."

CONSOL Energy: "It's going to be down tomorrow because they just gave it the boot from the S&P 500. So let's be very careful. I don't like fossil fuels."

Service Corporation International: "Unfortunately the death care business is a good one, and that stock has come down way too much."

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Frontier Communications: "People want yield, and if you're going to stretch for yield you're probably going to want to do Centurylink, which yields 7 [percent]. Me? I'm a Verizon guy, with the second being AT&T and that Verizon has been very, very good to me."

Pioneer Natural Resources: "If you're going to buy a high growth one, do it. But let's remember they did a big equity offering lower. There is probably profit takers lurking."

Spirit Airlines: "The airlines are way too cheap. I like Delta, I like American, I like Spirit, and I like Southwest. All of them got too cheap."

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