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Cramer: This bank stock is a giant short squeeze

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:

Kinder Morgan: "It's coming back. I prefer Enterprise and Magellan Midstream Partners, but I have to admit that KMI can come back. Oil I think can rage to $40 to $50 ... and when it goes down around the $40 level and you get KMI at $20, I'm OK with it now."

BofI Holding: "This thing is just a giant short squeeze and I don't want to play it. If you want a bank stock, we like Citigroup for my charitable trust. That's the one that I find is the cheapest, Mike Corbat [CEO] doing a good job."

FireEye: "FireEye's got new management. We want to see if they can turn it around. But there was so much hot money in that thing don't expect anything until you see two good quarters in a row."

Sarepta Therapeutics: "Sarepta is a tough situation because there were articles yesterday about a guy from the FDA who left. But then there were pieces of research today from the guy saying people in the FDA are still against it. I think this thing all the way up at $30 is a little bit too dicey. Too binary."

Resolute Energy: "This thing has gone from $100 million to like $260 million in zero to 60! I think you've missed a lot of run, frankly. I think you missed too much."

ON Semiconductor: "Yes they're making a merger, I think that's good. I do want to just mention, I have been mentioning NXPI as my favorite. That is my charitable trust who owns that. How about the Skyworks Solutions? Finally! The company that David Aldrich built, let's remember that."

Xerox Corp, Alcoa: "I want to own both of them. I think the parts are worth more than the whole for both Xerox and Alcoa."

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