It's that time again! Jim Cramer rang the lightning round bell, which means he gave his take on callers' favorite stocks at rapid speed:
MercadoLibre Inc.: "[The latest quarter] wasn't perfect. And remember, I regard them as more of the Latin American eBay than I do the Amazon. Of all these, I would actually do Alibaba. I think that's the best."
Pitney Bowes: "It's a very inexpensive stock on a multiple basis, but that often means that the earnings are not going to be there. We have a lot of work to do to figure out whether that one's cheap and that 5.6 percent yield is good."
Southwest Airlines: "My charitable trust owns Southwest Air. I'm going to discuss it tomorrow with my ActionAlertsPlus.com members call at 11:30. Here's a preview: I like it very much and if it got back to $52, $53, I'd buy back the stock for the trust that the trust sold in the $60s."