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:

T-Mobile: "John Legere [CEO] is money! Buy T-Mobile."

Weight Watchers: "Don't buy."

Tesla: "I think Tesla is a cult stock. People who own the stock and own the car, they love each other. They can't sell, they're inseparable. If it comes to the financials, I can't justify owning it though."

Ford: "I think that Ford is going to have an OK year. They have operations that are far flung, and they're just not carrying their own weight. I do like Mark Fields [CEO] but that's a very challenged industry right now."

BP: "BP doesn't have enough natural gas. I prefer if you are going to go that way, I would actually think about doing Cabot, Range Resources or you could actually do a Cimarex, or you could go with a pipeline company. You can do Enterprise, or you can do Kinder Morgan. Or Energy Transfer Partners, which would also be very good, and Williams."

Clayton Williams Energy: "We've got to be careful. I don't want the smaller ones. I really want some heft. I want companies also that have a lot more natural gas. Let's stay away. Let's stick with the ones with good balance sheets. By the way, I have to admit that these guys from Chevron really have figured out a lot."

Eaton Corporation: "That wasn't that good of a quarter, and yet the stock went up anyways. That's because people love the cyclicals. If I owned some Eaton, I would take a little profit here."

Target: "I am going to take a pass on Target. Why? Because I think that neither Wal-Mart or a dollar store, they don't have it. And don't forget Amazon down here at the second straight day off of a Trump sell-off. It might be time."

Novartis: "It's got too many other fingers in pies for me to be able to make it as an infection play. Merck is my favorite right now in terms of just the overall kind of vaccination, they are the best."

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