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:

Rite Aid: "Walgreens buying Rite Aid, it's supposed to happen. I wish they would both walk away already. The government doesn't seem to like this deal or it would have closed. By the way, Jana selling Walgreens, I think that's more of a problem with Jana than Walgreens. I'm a buyer of Walgreen and I don't want Rite Aid."

Beacon Roofing Supply: "Beacon Roofing Supply is a winner. Whether it be Lowe's or Home Depot, people are buying roofing supplies. That one I like very much."

AbbVie: "Good yield, good growth. What's not to like? AbbVie is good to go."

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Brixmor Property Group: "I don't know, they had accounting problems and then they made that change. The stock is coming back, I say no. We don't need them, we've got Federal Realty. That's the better one."

Square: "I don't know, I didn't know Square had that credit risk problem. So I want nothing to do with it. Nothing at all. No how, no way."

Starbucks: "We think that it's right to pull the trigger right around here. Starbucks has been hated. It's been hated for too long. We've been waiting for $54 ... maybe we're too greedy. I like Starbucks, the charitable trust owns it."

CVS Health: "I don't know, Walgreens has been going down too, but that's an insider selling situation both KKR and Jana. I think CVS is a buy. Larry Merlo [CEO] is doing a fabulous job, but retail has been weak. I think it's an opportunity."

Apple Hospitality REIT: "That group has been too hard. I'm going to have to say no to that one."

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