On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Devon Energy (NYSE:DVN) as “they have tremendous natural gas, and that's what we're great at.”



Lending support to his choice, Wells Fargo analyst Hanwen Chang, on Monday, maintained Devon Energy with an Overweight rating and raised the price target from $66 to $68.



Cramer said USA Compression Partners (NYSE:USAC) hit a 52-week high on Monday, but “I think that's just another nice one to have, and it won't go down as much as the others because it's got that good yield.”



On the earnings front, USA Compression Partners, on May 5, posted mixed results for the first quarter.



Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) might “not necessarily skyrocket,” but it's going to go higher.



As per the recent news, Taiwan Semiconductor Manufacturing is accelerating investments in advanced chips, packaging, and AI infrastructure as company executives position the foundry giant to capture long-term growth from the expanding artificial intelligence market.



When asked about STMicroelectronics (NYSE:STM), he said, “We're late, we're late, we're late — 51 times earnings does not make it for me, even if it's a good company.”



In other words, STMicroelectronics may be a good company, but Cramer thinks the stock has become too expensive after its recent run-up.



STMicroelectronics reported mixed first-quarter results on April 23 and issued second-quarter sales guidance above estimates.



Solv Energy (NASDAQ:MWH) is a “great niche” company, Cramer said.



Supporting his view, SOLV Energy reported better-than-expected first-quarter sales on May 12.



<h2>Price Action</h2>



<ul>
<li>USA Compression Partners shares gained 1.8% to settle at $30.19 on Monday.</li>



<li>Taiwan Semiconductor shares declined 2.1% to close at $395.95.</li>



<li>Devon Energy shares gained 0.4% to settle at $49.68 during the session.</li>



<li>STMicroelectronics shares declined 0.7% to settle at $60.96 on Monday.</li>



<li>Solv Energy shares fell 7% to close at $40.42.</li>
</ul>



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Photo via Shutterstock

Jim Cramer recommends buying Devon Energy for its natural gas potential and maintains an Overweight rating with a price target increase. He expresses caution on STMicroelectronics, deeming it too expensive at 51x earnings, despite its good company status. Cramer also highlights USA Compression Partners and Solv Energy as solid picks, while Taiwan Semiconductor is expected to rise but not skyrocket. Recent stock performances show mixed results across these companies.

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Devon Energy

Us Natural Gas

VanEck Oil Services ETF

ISHRS S&P Glb Engy

SPDR O&G Equip

First Trust North American Energy Infra Fd

SPDR O&G Ex & Prd

SPDR Energy Select

iShares US Oil & Gas Expl & Prod

iShares US Oil Equip & Svcs

Tortoise N Americ Pipe

Wells Fargo

USA Compression Partners LP

Taiwan Semiconductor

STMicroelectronics NV

Solv Energy

S&P 500

NASDAQ-100

Atmos Energy

GE Aerospace

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A DD

WELLS FARGO & COMPANY 7.5% PERP CONV PRF CLS 'A' SERIES 'L'

WELLS FARGO & COMPANY DEP SHS REP 1/1000 INT PER PFD SER Y A

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A CC

WELLS FARGO & COMPANY 4.75% DEP SHS 1/1000 NCUM PFD CL A SR Z

WELLS FARGO & COMPANY DEP SHS REP 1/1000TH INT PFD SR AA (CLA)

STMicroelectronics N.V.

Cramer Flags AI Winners, Warns STMicro Is 'Late Late Late' At 51x Earnings