Jim Cramer Shares His Thoughts On ArcBest, Ulta Beauty And More

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes ArcBest Corporation ARCB. Yet with Union Pacific Corporation UNP having a really good intermodal business, he recommended going with diversification.

When asked about Roblox Corporation RBLX, Cramer said markets are not liking these long-term growth stocks after the Federal Reserve changed its stance last November. He recommended buying Roblox as he said it is a great company. "You’ve got your whole life ahead of you," he added.

The "Mad Money" host said Ulta Beauty, Inc’s ULTA CEO Dave Kimbell is doing a fantastic job. "Ulta is one of the retailers that I want to own down in steps, $315, then maybe $300 pick some up," he added.

Cramer said he likes Jazz Pharmaceuticals plc JAZZ at one time, as it’s a very inexpensive company. "I have to reopen why it’s so inexpensive because holy cow, something is not right there, " he commented.

Callon Petroleum Company CPE has more room on the upside, Cramer said. "You stay long that," he said.

Cramer said Zynga Inc. ZNGA is over after Take-Two Interactive Software, Inc. TTWO agreed to buy the company. "There’s consolidation going on in this industry" and with Microsoft Corporation MSFT buying Activision Blizzard, Inc. ATVI, he recommended buying Microsoft.

The New York Times Company NYT is a great company, but they overpaid for The Athletic, which has hurt the company’s valuation, Cramer said. "I am sorry because I think it’s a fantastic product, both of them," he commented.

When asked about F5, Inc. FFIV, Cramer said, "This is the guys who control basically the ‘red light, green light internet highway,’ but they did have a supply problem, and there’s no room for mistakes anymore in any technology company."