Lightning Round: I'm surprised how low this is

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:

Philip Morris: "I typically don't recommend the tobacco companies, but I have to admit that PM is going higher. It's really doing incredibly well. We got another upgrade today."

WisdomTree Investments: "WisdomTree has come down a lot. I don't know, it's at 2.87 percent. When it gets to 3 percent and you really need to own it, then you can go do it. I am surprised at how low the stock is."

AstraZeneca: "The yield is probably good, AZN's got big yield. But that has no growth, and I'm getting nothing but downgrades on it. That and GlaxoSmithKline are two that I don't want to touch, frankly."

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Ford Motor Company: "Mark Fields [CEO] is doing a good job. It yields 4.6 percent. The more you go out with people the more you realize that Uber is cutting in, Lyft is cutting in. So it is a long-term thesis that it is making it so Ford is not coming down, but if Latin America turns around you are going to be glad you got it. You sell it at $15 if you have to."

Box: "Box I think is way too cheap. And Aaron Levie [CEO] did a great job, and at $12 I think you buy it. People don't like any company that is not making a lot of money right now. Sometimes you have to think a little further forward."

Ionis Pharmaceuticals: "We don't know. They won this thing with Merck against Gilead, but we don't know exactly how much they won. So the idea that we want to get ahead of that and say wow they are going to get a great revenue stream — we don't know how much the revenue stream is. Until we do, I have to tell you, I think I'm on hold on that one. It's too early to tell exactly how much they are going to get."

Olin: "OLN is closing some factories that are too expensive to run and it has almost a 5 percent yield. I think Olin is a terrific buy here."

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