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Lightning Round: Boeing, Skechers, ON Semi and More

Boeing : Let BA come down to $65-$66, Cramer said, and then buy the stock for the longer term.

Skechers USA : Cramer is bullish on SKX, which he said is part of a shoe bull market right now.

Range Resources : Cramer likes RRC, but with natural gas prices stuck under $5, it’s hard to recommend. If investors want a nat-gas play they should try either Devon Energy for its balance sheet or Chesapeake Energy’s preferred shares.

ON Semiconductor : “Right now semiconductors are in a bear market,” Cramer said, but “I urge you to hold on. The market’s overreacting to the downside. Those stocks will come roaring back in the fall.”

McAfee : “I don’t like the security tech stocks,” Cramer said.

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  • Jim Cramer

    Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

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