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:
Magellan Midstream Partners, L.P.: "MMP's got a 5 percent yield. My charitable trust owns it. I suspect the stock's going to go down along with all the pipeline companies. They're all under a lot of pressure. That's because interest rates are going higher. People sell these stocks when that happens. I like them."
Oracle Corporation: "It spiked up to $52. I think it's fine. I like the buyback, I like the course of business, I like the troika that's running it. I think you're fine."
Ally Financial Inc.: "We're not going to fool around. We've got JPMorgan doing great, over $100 – congratulations to them there. We've got Citi[group], which is my charitable trust's favorite. Let's pull the trigger there on those."
Charter Communications, Inc.: "I think you're OK in Charter. Remember, there are a lot of cord-cutters [and] a lot of people worried about these companies, but they do have good businesses."