Jim Cramer Shares His Thoughts On Whiting Petroleum, Taiwan Semiconductor And Consolidated Edison

On CNBC's "Mad Money Lightning Round", Jim Cramer said he can't recommend a long position in Whiting Petroleum Corp WLL. He thinks its costs aren't low enough.

Cramer likes Taiwan Semiconductor Mfg. Co. Ltd. (ADR) TSM. He added that the whole sector is a little bit too hot for him. He would buy some now and he would add to the position, if it trades lower.

Consolidated Edison, Inc. ED is fantastic, thinks Cramer. He is a buyer of the stock.