Lightning Round: Jim Cramer Shares His Thoughts On Celgene, ON Semiconductor, And More

Jim Cramer said on CNBC's "Mad Money Lightning Round" that ON Semiconductor Corp ON is in the sweet spot of the internet of things. He added that semiconductor stocks like ON Semiconductor Corp are capable of merging with each other in any given moment.

California Resources Corp CRC is way too risky, thinks Cramer. The stock is up a lot and he doesn't want to buy it.

Cramer is a buyer of Celgene Corporation CELG. He explained that it's trading too low versus its fundamentals.

Southwestern Energy Company SWN is not a high quality company any more, said Cramer. It spends too much money and Cramer doesn't care about the natural gas companies. He isn't a buyer.