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Lightning Round: Noble Energy, Qualcomm, The Blackstone Group and More

Noble Energy : Oil could peak short-term, Cramer said, which is likely to bring this stock down 5 points. If that happens, Cramer would buy Noble shares.

Qualcomm : In a note, JPMorgan Chase recently said there are too many tablet devices on the market. As a result, tablet suppliers took a beating. He would consider buying shares of Skyworks Solutions should it fall to $28.

Global Industries : Cramer is bullish on this stock.

MEMC Electronic Materials : This St. Peters, Mo.-based company is making a comeback, Cramer said. Among other things, it makes silicon wafers for solar energy. Cramer thinks big things are ahead for this company.

W&T Offshore : If President Barack Obama doesn't approve further deepwater drilling, Cramer said it could negatively impact this stock.

The Blackstone Group : Cramer thinks this stock could go to $20 a share. At that point, though, he would take profits.

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