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:

American Tower: "I have liked American Tower for ages. They have been acting terribly. Suddenly they have come alive with pleasure. What I suggest to people is that they buy, not sell."

Kinder Morgan: "I'm not crazy about KMI. I'm not crazy about the MLP space. I know that they've had a run for the last couple of days, and I think it's right that they should. They were really depressed, but I'm not going to tell you to buy KMI."

Seagate Technology: "I want to hold Seagate. Western Digital priced a very big bond dealing ... it looks like right now it's OK. I don't want to buy it, I don't want to sell Seagate."

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WhiteWave Foods: "Still own WhiteWave for the charitable trust. When I spoke to Brian Cornell today from Target [CEO] he continues to believe that natural and organic is the right place to be. This one has been sluggish, it reported a good quarter but people don't like it anymore. You know what? My charitable trust still does. I have expressed my support once again to buy WhiteWave."

Tyler Technologies: "I have to check into why Tyler is doing so badly because a lot of companies in that same business are doing well."

AbbVie: "Only because it yields 4 percent will I say it is OK. But the pharmaceutical path is terrible here. We've got Donald Trump not liking them, we've got Hillary Clinton not liking them. That's a lot of powerful hate. You've got to be very careful, stand small in the group."

Valley National Bancorp: "I know Valley Nat very well, but I'm not recommending any banks right now because the Federal Reserve did not raise rates. We are going to stay away."

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