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:

Cummins Inc: "I would actually buy Cummins for the long term. I think that China is going to be fine, and it is a bit of a China play."

Micron Technology: "I think Micron is terrific. Remember, I like Intel. I like Micron, boy I'll tell you I still love NVIDIA even though it just moved up again today.

Chesapeake Energy Corp: "Chesapeake is not one of my favorites. Anadarko is the one we have been saying is really good after that acquisition of Freeport-McMoRan properties in the Gulf of Mexico."

Skyworks Solutions: "Skyworks Solutions is a huge part ... as much as $7 of intellectual property in an Apple iPhone 7. So I remain steadfast that this is a good stock."

Alcoa: "I like the split very much ... I wanted to double down on it, to tell you honestly. Why? Because I truly believe that aircraft demand is strong, and this looks like Precision Castparts to me."

Kroger: "I think Kroger has been overly punished. I am now after Kroger had been down, down, down, down, I am willing to say that you should stop selling Kroger. It's too low to sell."

Cliffs Natural Resources: "No, no, no. That had its day, move on. I don't like what they make, and that's in the end what does matter."

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