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Lightning Round: The downgrade was wrong on this

CNBC. Jim Cramer zoomed through his take on callers' favorite stocks, including a pharmaceutical name spooking investors.

It's that time again! The Lightning Round bell has rung, and Jim Cramer gives his take on a few favorite audience stocks:

H&R Block (NYSE: HRB): "I think the earnings are going to be consistent. I like this year for them when they can return capital."

RR Donnelley & Sons Co (NASDAQ: RRD): "It caught a downgrade today, and I thought the downgrade was wrong-headed. I like the yield, and I like the growth."

Pacific Ethanol Inc (NASDAQ: PEIX): "No, I don't like the ethanol stocks. With gasoline going down, I'm just going to say sell, sell, sell."

Sanchez Energy (NYSE: SN): "No, I want to stay away from Sanchez. They are trying very hard to be able to refinance that balance sheet and make some sales. No thank you."

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Intercept Pharmaceuticals (NASDAQ: ICPT): "This is about a particular kind of liver problem, and I think this drug is unique and worth owning the stock even up here."

Alcoa (NYSE: AA): "Enough pressure on Alcoa already. What's it going to go to, $12? I say you buy some here and buy some at $12 if it gets there."

Micron Technology (NASDAQ: MU): "My problem with Micron, along with Seagate (NASDAQ: STX) and Western Digital (NASDAQ: WDC), Intel (NASDAQ: INTC), Hewlett-Packard (NYSE: HPQ) and Microsoft (NASDAQ: MSFT), is that they are PC related. PC means sell, sell, sell."

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Read more from Mad Money with Jim Cramer
Cramer Remix: Don't play with this stock
Cramer's Top 10 stocks over 10 years
Cramer's game plan: Biggest fear on the dollar
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Trinity Industries (NYSE: TRN): "I still don't like its core business, which is the rail cars. There is just too much capacity. I'm going to say no to that one."

Vodafone (London Stock Exchange: VOD-GB): "It's okay, not great. I prefer Verizon (NYSE: VZ) which I think is doing better."

Spark Therapeutics (NASDAQ: ONCE): "Gene therapy in Philadelphia. I do like this company, but it has moved a tremendous amount and we have got to be careful. I like Isis (NASDAQ: ISIS) ahead of some new data coming out, too."

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