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Cramer: The charitable trust position everyone went crazy over

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:

Lazard: "I would ring the register. This isn't a good call play, this is a slow-go growth stock with a 4 percent yield in an area of investment banking that is pretty strong. But not a call play. I would at least cut it in half. You don't need to play this one with calls."

Public Storage: "No, a 3 percent yield, it's starting to roll over. We don't need to do that. Real estate investment trusts, we are going to go away from that. It's not our pick. We like Ventas."

Magna International: "I don't know. I'm not really digging these auto parts stories. Even Delphi with the mobile ideal for autonomous cars. I think that the auto situation is not a good one. You do have the best of breed, though."

General Electric: "A big position in our charitable trust. People went really crazy about it today thinking that this 3D acquisition that they made — which is two little companies in Europe — matters. It does not. What we need to see is big, big buyback how Nelson Peltz wants to see from Trian, who is dead right."

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