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:
NXP Semiconductors: "OK, NXP. My charitable trust owns it. This is a company that's being bought by Qualcomm. There are some very large investors, mostly Elliott [Management], that want Qualcomm to pay more than they're currently paying. I don't know if they're going to do that, but we have chosen not to tender NXPI. We want to see if there can't be a higher bump-up by Qualcomm in order to satisfy Elliott."
Domino's: "You know what, people are always thinking [that with] Domino's, people are taking market share. Remember, it's a technology company. It sells pizzas. It's the best in the world. I think the stock can still go higher. Don't sell it."
Incyte Corporation: "You should be a buyer of Incyte because I think the product pipeline is terrific and I don't care if the stock is going down, I want you to own it."
MercadoLibre Inc.: "I didn't like that downgrade that we got today at Goldman Sachs. That concerned me. I'd like to see the stock off a little more. I say there's no hurry to pull the trigger."
HollyFrontier: "I think it's an inexpensive stock, but it's for a trade, and that's only because of the differential between domestic crude and foreign."
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