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:

Edwards Lifesciences Corp.: "People have turned on this stock. Analysts have been downgrading. I think they're premature. I like the technology. I'm a buyer."

Realogy Holdings Corp.: "You know what? I like housing very much, but we're using Lennar right now because of that fabulous acquisition."

Cerner Corporation: "Cerner's a battleground. I am telling people that UnitedHealth is the play because of Optum."

Blackstone Group: "The 52-week high is $35. It's at $33.29. I think that's pretty good. I mean, the 5 percent yield. Doing great. I'm a buyer of Blackstone. I think [CEO] Steve Schwarzman's remarkable."

Ollie's Bargain Outlet Holdings Inc.: "Ollie's Bargain Outlet is fantastic. It's one of two retailers that I actually like. No, I'm just kidding, but Burlington was really good today. I'm a buyer of Ollie's, not a seller."