Cramer's lightning round: I'm giving Procter & Gamble two thumbs up

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:

Procter & Gamble (NYSE: PG): "No one ever got hurt buying Procter & Gamble's stock, and we've got a Battle Royale going on between Nelson Peltz and the management there. All that seems to happen is the stock keeps going higher. I say two thumbs up."

Corning (NYSE: GLW): "You know, I saw a downgrade last week because people were saying that there's just too many TVs in the system. If that's the case, then why isn't Best Buy (NYSE: BBY) down? So I'm telling you, I'm more inclined to buy than sell Corning."

Hasbro (NASDAQ: HAS): "This thing is so overdone on the down side, I've got to tell you, it's incredible. It wasn't even an important quarter. I'm hitting the bull button and saying buy, buy, buy."

Pure Storage (NYSE: PSTG): "The problem is that flash enterprise right now, everyone wants to be in that business. The problem is that I don't know the direction of the move, so I would prefer you just go buy Salesforce.com (NYSE: CRM)."

Boardwalk Pipeline Partners (NYSE: BWP): "I don't think their pipeline is all that good, frankly, and that's why it's down. Don't forget, ETP's (: SXL) killing the entire group."

Watch the full lightning round here:

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