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:
Yelp Inc.: "They just got rid of a division that they paid a lot of money for, but then got even more money for it. They own this sector other than what Google does, and I think that the reason why it trades here is because it's an individual property, not unlike Zillow, that's unique and that someone might want to buy in order to create a bunch of silos that work."
Kohl's Corporation: "It's a hold. I think that that yield is good. I think it's got a really good business model. I don't want you to sell it, but I do want you to buy it if it goes back under $40 and get some more."
Moelis & Company: "I like [CEO] Ken Moelis. I think he's really, really smart. I think they've got a good business model and I expect a lot of mergers and acquisitions even though it's pretty high."
Uniti Group: "Look, I'm happy to have them on, but the fact is, a 16 percent yield … That seems too strange. I'm throwing a red flag."
Disclosure: Cramer's charitable trust owns shares of Alphabet, Google's parent company.