News Summary

• ON Semiconductor Corporation (NASDAQ:ON) was among Jim Cramer’s stock calls on Mad Money recently.
• Cramer mentioned the company during the episode and said:Finally, rounding out the top 10 performers in the S&P 500 since the bottom is ON Semiconductors, which ended up in fifth place, up 49%.
• Bit of a mystery to me.
• The best I can tell is that the demand for CPUs has bled into… scenarios like this or that ON stock is doing well thanks to a combination of demand for power chips and lower interest rates.
• Either way, I’ve long followed ON Semi, and I like their CEO, Hassane El-Khoury, so I won’t complain about the nice pop of the stock.