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Cramer: This CEO just crushed it, a stock worth owning

Abigail Stevenson
CNBC. Jim Cramer flies through his take on callers' favorite stocks, including communications play Sierra Wireless.

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:

Charter Communications (NASDAQ: CHTR): "I like the cable business very much, in full disclosure we own the stock of our parent Comcast, but I think cable is here and doing a lot of good things. And people keep underrating it."

CVS Health (NYSE: CVS): "I like that idea. I think that the stock has come down too much because of one of the divisions that it has, and I think that is wrong. I think that the company itself is doing quite well."

SunPower Corp (NASDAQ: SPWR): "I don't like the solar companies. I don't think oil is going to explode up, and somehow they really do trade together. Even though I do think obviously, organically and theoretically they should not."

Clovis Oncology (NASDAQ: CLVS): "I like Clovis Oncology, but just as a spec, not as anything that is remotely like a Pfizer. You've got to understand that."

Arris International (NASDAQ: ARRS): "When it comes to speculative, I've been saying Twilio and Acacia. When it comes to conservative, I have been saying Cisco. My charitable trust owns Cisco ... I feel good about Cisco. I like that dividend, and I like I like the slow, nice projection."

Nordic American Tanker (NYSE: NAT) cutting its dividend: "That's why we gave up on Nordic American Tanker. I've got to tell you, don't buy. Enough is enough. Enough is enough with that!"

Tech Data (NASDAQ: TECD): "Bob Dutkowsky [CEO], he crushed it! That is a stock worth owning. That was a great merger that he is doing. I think Tech Data is terrific."

Intercontinental Exchange (NYSE: ICE): "I love that. More important, I want you to buy more ICE. We just did a nice profile of these exchanges and that company is making a lot of money. A lot of money."

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