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Cramer's lightning round: There are two ways to win with this chipmaker

Elizabeth Gurdus
Source: CNBC. Jim Cramer flew through his take on callers' favorite stocks, including a pharmaceutical play undergoing a turnaround.

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:

Xilinx (NASDAQ: XLNX): "Two ways to win: I think the earnings are going to be good and I think it could also be taken over. I like the pick."

Arena Pharmaceuticals (NASDAQ: ARNA): "Arena is back from the dead. I can't believe it. They got that positive news about pulmonary and they did a secondary, they raised the money. Pulmonary arterial hypertension, that is a huge market and I've got to tell you – I cannot believe this – it's still a buy."

Kinder Morgan (NYSE: KMI): "Nope, I'm not going back there after what they did. Listen it takes the entire group to move up. That's going to trade with the group. I prefer Magellan Midstream (NYSE: MMP). They've been on the show. MMP. It's a cheaper, better stock."

Altria Group (NYSE: MO): "You're fine in Altria. I don't like to recommend tobacco stocks, but you're fine in Altria. It had that big pullback, and then it goes back up, and it's pulling back. It's fine."

Winnebago Industries (NYSE: WGO): "The quarter was good. I think Winnebago has nothing to do at this level, $34. I don't feel long or short it."

Bank of Montreal (Toronto Stock Exchange: BMO-CA): "I think that's a great call. It's one of my fave banks. It held up really well. Very good, very conservative bank. I like the call."

Sempra Energy (NYSE: SRE): "You know, I don't talk about it. Why don't I talk about it? I mean, I don't have a compelling story. It's fine. And, you know, when a story's just fine and it doesn't illuminate anything, I really tend not to focus on it, but that's a fine stock. What can I say? Neither here nor there."

IHS Markit (: MRKT): "I like it. I like both of [the merged companies, HIS and Markit], as it turns out. IHS is my old friend [Vice Chairman] Dan Yergin. You've got a real good situation there."

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