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:

Cisco Systems: "My charitable trust has a big position ... Cisco's business is good. I like that acquisition that Chuck Robbins [CEO] did last week that he came on Squawk about. That stock is a buy."

United States Steel Corporation: "In the end I've got to default to best-of-breed. The best-of-breed is Nucor, even though it doesn't necessarily have those business lines. If you want a steel stock, I have never gone wrong recommending Nucor since 1985. You think I'm going to change my stripes now? No."

Potash Corp of Saskatchewan: "I am a believer in the ag [agriculture] complex. What can I say? If I like Deere, and you know I do. If I like Agco, and you know I do. Then I have to like Mosaic, Agrium and yes, Potash."

Weyerhaeuser: "I like that yield and I like the business. I think the stock is a buy. I like the wood and paper complex entirely."

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