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:
Time Warner: "Time Warner is up today on a rumor that Apple is going to buy them. That is not true I don't think, but what does matter is that the fundamentals are good, Bewkes [CEO] is doing a good job. I like the stock."
Mitek Systems: "Yes that stock is up huge this year ... It's a speculative stocks, it's under $300 million [market cap] but I know that things are doing really well there. I would hold on."
GW Pharmaceuticals: "GW Pharma is incredibly speculative. This is a play on the ultimate legalization of pure marijuana as a drug. I have liked it as a spec. but understand that this is not a market that is favorable to speculation."
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Interoil Corp: "You should sell, sell, sell, sell, sell. My eyebrows were raised when I saw the offer. I would take it."
Trinseo: "At this stage these plastic companies, or companies that I call chemical and plastic companies, are all doing very, very well. I think you should hold on to it."
Intuit: "Intuit traded weirdly yesterday. I loved the quarter. Let me just point blank say that I loved it, they are killing H&R Block. The stock was up 5, then it was down 5. It's starting to act the way it should when it was up today. I think Intuit is a buy, buy, buy."
Yirendai: "I don't want to paint the whole broad brush of that group, but that is lending Chinese style, which I don't like at all. I don't like China, and I don't like lending."