Cramer: It's a trade down in the draft—no way!

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:

CVS Health Corp: "My charitable trust owns Walgreen's. CVS and Walgreen's are both great companies. I say buy, buy, buy CVS."

Tri Pointe Group: "I think what you ought to do is buy KB Homes. The cheapest, not the best, but the cheapest. Best-of-breed is Lennar."

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Outerwall: "OUTR is like trading down in the draft. I don't want you to do that. You need best-of-breed, not somewhat of a breed. I'm not going there."

Hewlett Packard Enterprise: "You want to be in Hewlett Packard Enterprises, which is the higher value-added situation that Meg Whitman [CEO] runs. I've been recommending that."

Enterprise Product Partners: "Enterprise is very good, they just all trade together. That's the problem. This ETF is more powerful than any individual stock. But if you want the best-of-breed, it is EPD, Entprise Product."

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