Mad Money Lightning Round: Cramer Likes MEMC Electronics (WFR, QCOM, BX, NBL, WTI, GLBL)

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that MEMC Electronics (WFR) has “solar as well as semiconductor.” He added, “I think it's dirt cheap, I'm going to stick with it right here."

For Qualcomm (QCOM), he said, "Everyone is buzzing that there's an oversupply of tablets and that's causing every stock to come in. Do we have a glut? People are shooting first and asking questions later. I say let them come in, then we'll take another look."

Cramer believes that The Blackstone Group (BX) is “doing well and could go to $20, but I don't really know what they own, and that's too risky. I want something more diversified with a dividend."

For Noble Energy (NBL), Jim said, "I think oil is peaking short term, so this stock could go down $5. Then it'll be a buy."

Jim believes that W&T Offshore (WTI) is a “terrific driller, but if Obama doesn't allow more drilling, it's not going any higher."

For Global Industries (GLBL), he said, "I think oil is going to have a rocky road which may cause some profit taking. When it does, buy, buy, buy."

Read more on Jim's Views On Benzinga