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:

CSX Corp: "Let's do Union Pacific. CSX is good, but Union Pacific is better. And then Norfolk Southern is second best. And then CSX third. That's the pecking order."

Treehouse Foods: "Remember, Treehouse does private label for everybody. So it's not really a Whole Foods story, but I totally get that and I like Treehouse very much."

DineEquity: "The company was a little bit hurt by the fact that McDonald's was doing that all-day breakfast. And I think that we are going to stay away until we get a better quarter."

BOFL Holding: "We were saying that one was a little too controversial."

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Starbucks: "Enough already! Starbucks is going to go to $54 on the chart, is that what everyone is waiting for? You're going to wait for $1.83? My charitable trust owns Starbucks, we can't wait to buy more."

Seagate Technology: "That conference call was a bad conference call. The guide down there was really amazing. The inventory issue, the over capacity, and now people feel that the dividend isn't safe. That was one tough conference call. I'm not sure where that one stops. Nobody knows, frankly."

Chesapeake Energy: "Chespeake has moved up, like Freeport. These are ones that have been short-squeezed. I prefer the much more well-balanced ones. My charitable trust owns Occidental, that one we feel much better about in terms of the balance sheet."

CoreSite Realty: "We recommended it not that long ago. We like Equinix and CoreSite. It hit a 52-week high today so now our rules are in this kind of market you should get a bit of a pullback, maybe 2 to 4 percent. That's where I would pull the trigger."

Tallgrass Energy Partners: "I think we were worried about the ultra pete exposure. I'm not a buyer of Tallgrass. All these energy stocks have moved up too much right now. Let's wait for them to come in."

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