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:

United Rentals: "I have to tell you I did not like that conference call. A couple of quarters ago Mike Kneeland [CEO] said don't worry about it, it was oil and gas and small business. Well now I'm worried about each agency's oil and gas. No, when a stock is down 10 it tends to have another down day. I do not have a catalyst to recommend URI."

J.C. Penney: "I am a best-of-breed retail guy, and that makes it more difficult for me to recommend J.C. Penney. I like what CEO Brian Cornell is doing for Target...and yes indeed I do like Amazon, Costco which is down on it's luck right now, and let me throw in Ulta and Nordstrom."

Ovascience Inc: "I have had mixed success with these fertility situations...and it's not working."

CBS Corp: "CBS is inexpensive, but you know what, I care about the TV station for the world which means I am a backer of Netflix."

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Teekay Tankers: "No, what we are going to do, is the day rates keep going higher, so we are going to to back to our old friend that we avoided for a long time Nordic American Tankers."

Dominion Resources: "Dominion is maybe the best run utility out there, and you know we have had Tom Farrell on and he is also doing great liquified natural gas export business. I'm with him and with you."

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