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: "CVS is way too cheap. Some people were worried about one of their deals with a provider. This is ridiculous! You're talking about Larry Merlo [CEO], one of the great retail merchants! It's a buy."

Unit Corporation: "No, remember I said that in the mid $30s that oil was going to go to $50. It hit $50, it's come back down. I don't believe the OPEC meeting is going to give you that good of a solution. So I am going to say no to that idea."

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New York Mortgage Trust: "A 16 percent yield and it's something where we don't really know what they own. I'm going to have to say no. That is a red flag. You're not going to get that without too much risk."

Boston Scientific: "I am an Edwards Lifescience guy, but Boston Scientific had a good quarter. I'm there for you, I agree with you."

Starbucks: "Starbucks is just down too long. I know there's a point or two on the downside. People don't like the chart. The charitable trust just bought some Starbucks. I think it's at the right level. We sold much higher, let's do some buying."

Coca-Cola Enterprises: "The stock has been red hot. But you know what? I am going to suggest that you buy PepsiCo. That stock is down because of a weak dollar going to strong dollar. I think that's a mistake. PepsiCo is the right one."

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