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:
Lumentum Holdings: “Now, optical components are some of the most dangerous stocks in the world. This company had a fabulous quarter, but you know what, I need you to take some off the table. I am too nervous because they tend to be hit or miss.”
Mindbody: “I want you to take a little off the table. The stock’s gotten exceedingly rich in the last few months and then you can let the rest run.”
Yahoo: “It can still go higher. It’s a sum of the parts situation. It’s really kind of like a mutual fund now, but it’s undervalued versus what its parts are worth. You can hold on to it.”
GW Pharmaceuticals: “I’ll tell you, as more states legalize marijuana, I get more and more worried about GW Pharma because a lot of people are going to end up buying it legally in states and they’re not going to be able to think that they can get the pills. There’s a very narrow use right now allowed for GW Pharma, so I am not going to tell you to load the boat up here.”
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