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:
Alibaba Group Holding (NYSE: BABA): "I think it goes higher. I think it's actually not that expensive given its growth rate. I feel like I'm a minority of one. I don't care. That's [what] I feel."
Coherent (NASDAQ: COHR): "Holy cow. Well, why don't we just sell $30 worth of this $198 stock and then just play with the house's money because it is, in the end, remember: it's lasers, photonic products. Someone could come up with a better mousetrap. But that is one good stock."
Advanced Micro Devices (NASDAQ: AMD): "OK, Goldman put a "sell" [rating] on it, and Goldman's view is well reasoned. It's basically the same view that you could have for Nvidia (NASDAQ: NVDA), which is that these were the two hottest stocks, others are catching up to them both in technology and also price-to-earnings multiple, so therefore, AMD has got a marked time. And that's what I think AMD is doing."
Esperion Therapeutics Inc. (NASDAQ: ESPR): "Well, that's what people are thinking, that it is going to be a takeover. I do find it somewhat unlikely, but I do know that periodically, AstraZeneca (London Stock Exchange: AZN-GB), Novo Nordisk (Copenhagen Stock Exchange: NOVO.B-DK), Novartis (Swiss Exchange: NOVN-CH), Sanofi (Euronext Paris: SAN-FR), they all need pipelines. And buying Esperion would be one, but that's not a reason to buy, because remember: on a fundamental basis, it is overvalued."
Peabody Energy Corporation (: BTUUQ): "This company has come out of bankruptcy, and it's come out of bankruptcy at a very, very large valuation, and I don't think that's necessarily right. It's got a $2 billion valuation. I think the stock probably has a little bit more up, and then I would be a seller."
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