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:
Alcoa: "Alcoa is the spinoff of Arconic. We like Arconic. My charitable trust has a big position in Arconic because where Klaus [CEO] is ... Alcoa is more commodity and I do not want to own the commodity maker. It has moved too much."
MFA Financial: "I see that 10 percent yield and I've immediately got to throw the red flag. That is a challenge to that stock's yield."
Noble Corporation: "No, that one is I think too dicey. I stand for the stock of Schlumberger."
Mid-America Apartment Communities: "I'm not buying the self-administered, self-managed real estate investment trusts here. I don't think they work."