Cramer's lightning round: Don't be greedy, buy Celgene here

Source: CNBC. Jim Cramer flew through his take on callers' favorite stocks, including a pharmaceutical play undergoing a turnaround.·CNBC

Celgene Corporation (NASDAQ: CELG) : "I think right now [is a good time to get back into Celgene]. I mean, I wish I could say, 'Under $100,' but you know what? Let's not be greedy. This one is way too low versus the fundamentals. I'm a buyer of Celgene here." ON Semiconductor Corp. (: ONNN) : "ON is right in that sweet spot of the internet of things. You know I like the semis that are like that, and they're all capable of merging with each other at any given moment." California Resources Corp. (NYSE: CRC) : "No, that is way too risky. That's a spin-off of Occident[al Petroleum (NYSE: OXY) ]. I really don't want you to be in that one at all. I think it's up a lot and you can take advantage of it and blow out of it." Southwestern Energy Co. (NYSE: SWN) : "Southwestern's just not a high-quality company anymore. They spent too much money. I don't really care for the natural gas companies. I'm going to say no to Southwest. Maybe you get a point, but that's not my style." Questions for Cramer? Call Cramer: 1-800-743-CNBC Want to take a deep dive into Cramer's world? Hit him up! Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - VineQuestions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com Celgene Corporation (NASDAQ: CELG) : "I think right now [is a good time to get back into Celgene]. I mean, I wish I could say, 'Under $100,' but you know what? Let's not be greedy. This one is way too low versus the fundamentals. I'm a buyer of Celgene here." ON Semiconductor Corp. (: ONNN) : "ON is right in that sweet spot of the internet of things. You know I like the semis that are like that, and they're all capable of merging with each other at any given moment." California Resources Corp. (NYSE: CRC) : "No, that is way too risky. That's a spin-off of Occident[al Petroleum (NYSE: OXY) ]. I really don't want you to be in that one at all. I think it's up a lot and you can take advantage of it and blow out of it." Southwestern Energy Co. (NYSE: SWN) : "Southwestern's just not a high-quality company anymore. They spent too much money. I don't really care for the natural gas companies. I'm going to say no to Southwest. Maybe you get a point, but that's not my style." Questions for Cramer? Call Cramer: 1-800-743-CNBC Want to take a deep dive into Cramer's world? Hit him up! Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com

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