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:
Dollar Tree: "This stock has been in free-fall, along with Dollar General. I'm beginning to wonder if they aren't ready to bottom. But if you think they are, the better one to do is buy a stock called TJX, which my charitable trust owns ... It's a discounter that I think has a better stream of revenue, particularly with Macy's closing some stores soon."
Owens-Illinois: "They had a good quarter. I've been waiting for that. I love the glass business because it's recycling. Do you know that in certain parts of Latin America they use jars from Owens-Illinois 30 times. Glass should be more sustainably viewed in this country. I like the story here."
KB Home: "Let's look at the trajectory there. When I first recommended it, it went up big, back to book value. Then it has since come down as people started to talk about the December rate hike. I do believe that I like it, but so far, buy, buy buy. Every time we hear rate hike talk, the stock goes down. I think after the rate hike, the stock goes up and after the election it might go up."
Pfizer: "You'll be fine with Pfizer. A 3.7 percent yield, good balance sheet. After the election I believe the drug stocks will make a comeback. Kind of reminds me of 1992 when my hedge fund bought a lot of Merck."
Alliance Data Systems: "I'm concerned. It's been a while since I felt that company has put up some good numbers. It is in the doghouse with me."
Fastenal Company: "That's just OK. We've got so many. We've got a panoply of unbelievable industrials right now. Take a look at United Technologies, take a look at a Danaher — good numbers — or Illinois Tool Works, I thought that was oversold. Maybe they didn't do as well as I thought, but put that one away than you will do better than Fastenal."
MGM Growth Properties: "We cannot understand why that stock still has a 6 percent yield. Why do I say that? Because the stock has been going up and up and only yields 5 [percent]. I think MGM Properties is terrific."
Frontline: "I'm not recommending any of the oil carriers, refined properties — nothing! Those stocks have cost our viewers too much money. A very large crude carrier. No."