It's that time again! Jim Cramer rang the lightning round bell for Nov. 22, which means he gave his take on caller favorite stocks at rapid speed:
Gilead Sciences: "Gilead has to do something! They have to use some of their cash to buy someone, because they have no growth. And I cannot recommend a biotech stock that has no growth."
California Resources Corp: "It has finally taken off. This is a spinoff. I prefer higher quality oil companies. I go over them all the time, but I think the service company Schlumberger, which my charitable trust owns, is an even better bet now that California Resources has moved so much."
Frontier Communications Corp: "Too risky for me. Frankly, I'm going to have to throw a red flag there. It's just too risky, I'm sorry."
Devon Energy Corp: "Devon Energy is fine. Not as good as some others, like an Anadarko, but I like Devon."
Dycom Industries: "I have to find out whether that is an overreaction or not. I can't have a stock drop 20 points on me and I'm trying to figure out whether it's just like 'hey snap it up.' I have to do more work on Dycom. And you are owed that, so let me come back."