Cramer's lightning round: Get ready for a long stay in this vacation stock

It's that time again! Jim Cramer rang the lightning round bell, which means he gave his take on callers' favorite stocks at rapid speed:

Marriott International (NASDAQ: MAR): "[Marriott and Wyndham (NYSE: WYN)] are both so good, but I do like Marriott right here. Wyndham's had an even bigger move. I like Marriott because [of] that combination that they made. I think you stay long that one."

Kellogg (NYSE: K): "Kellogg's virtually a bond. It yields 3 percent and it's got a nice balance sheet, so I don't worry about it, but it's a bit of a bond because that group has no growth."

Carvana (NYSE: CVNA): "If you want a used car play, you go with CarMax (NYSE: KMX), which has made a very nice recovery. That Carvana, I don't think it makes any money."

Mallinckrodt (NYSE: MNK): "I don't know, man. The long knives are out for those guys. I say do not buy. Now they've got lawyers suing them everywhere. I'm staying away."

NXP Semiconductors (NASDAQ: NXPI): "OK, my charitable trust owns NXP and we are urging people not to tender to the bid from Qualcomm (NASDAQ: QCOM), because Qualcomm should pay more given that the comparative stocks in that sector are much higher. And we know Qualcomm needs it, too, because they're in a little bit of a tussle there with Apple (NASDAQ: AAPL)."

Xerox Corp (NYSE: XRX): "You know, I don't like those reverse splits because they tend to make stocks look a little better than they are, but I will say this: It did catch an upgrade today that I thought was pretty cogent, so I would hold on to it for a little bit. I don't think that there's great momentum there."

Ionis Pharmaceuticals (NASDAQ: IONS): "Ionis just keeps going higher. I remember when a firm slapped a sell on it. We had some positive things to say about it. This stock's not quitting. I'd stay long it."

Watch the full lightning round:

Disclosure: Cramer's charitable trust owns shares in NXP Semiconductors and Apple.

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