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:

GNC Holdings: "Too risky, too risky. Look, it was a one-off, I'm going to say don't buy. Let's go for quality in retail, that's all you can get. You've got to hope for quality."

CenturyLink: "I know CenturyLink made that acquisition and I think it's a good one and it should help their cash flow, but I don't like to reach for yield. When I see an 8.4 percent yield, that's actually a red flag for me. Yes, it could be, but I just can't recommend something where that yield is so large that it seems difficult for anyone to be able to pay that kind of payout right now, so I'm going to say no, don't buy."

Ionis Pharmaceuticals: "No, I don't [think Wall Street will reward Ionis' profits handsomely]. I think that there are people that just have it in for this stock. Look, I think [CEO] Stan Crooke does a good job. Goldman's got that 'sell' on it. That resonated. The stock can't seem to lift. Let's be conscious of that."

Raytheon Company: "Raytheon's good. It's No. 2. I like General Dynamics, then I like Raytheon, and then after that I like Northrop Grumman and then I like Lockheed Martin, Lockheed Martin having such a big move already."

ABB Ltd.: "Look, it's a good infrastructure play. It yields 3 percent, Swiss-based. I do like the stock, but remember, it's long term, because we don't have infrastructure yet, although I did like what Gary Cohn said today in an interview on our network."

Twitter Inc.: "I want to get through this quarter. I want to get Twitter through this quarter. I do not believe it can be a good quarter. I do not think they have the advertising and eyeballs. Then we'll look at it again."

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