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:

Allergan (NYSE: AGN): "Allergan is the only stock that the actionalertsplus.com club owns. The reason is is because I think that Brent Saunders [CEO] is going to turn it around and it's a very low multiple. I say you can own AGN, but it's the only one."

Asbury Automotive Group (NYSE: ABG): "I think the stock can rebound. Maybe it rebounds when AutoNation reports, gives you a better number. I have to tell you in the auto parts business I like AAP. I know that it's not a car retailer but Advanced Auto Parts I think is a terrific situation."

Teva Pharmaceutical Industries (NYSE: TEVA): "Not yet [a buy]. That is pharma that I think that is really in the crosshairs of President Trump."

STMicroelectronics (Euronext Paris: STM-FR): "That thing is too hot. Let's swap out of that and go into Micron ahead of the big analyst meeting next week.

GasLog Partners (NYSE: GLOG): "They just did a public offering. They did it at $20.50 and it went up immediately to $22. That's a very good sign. A lot of demand for that. I like the company. I know it's a little different, but I do like the company."

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer's world? Hit him up!
Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine

Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com

More From CNBC

• Top News and Analysis
  

• Latest News Video
  

• Personal Finance