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NEW YORK ( TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Friday: Cramer said Las Vegas Sands ( LVS) is a play on China doing better, and it looks like China may have bottomed. He was also bullish on Holly Frontier ( HFC), a company that's buying oil on the cheap, then refining and selling it for a lot. Johnson & Johnson ( JNJ) may be turning things around now that the company has a new head of its embattled consumer products division, said Cramer, but it has a long way to go to restore its reputation. He also urged investors to be cautious with Bed Bath & Beyond ( BBBY). Shares fell from $73 to $59 the last time the company reported. Cramer said the drug stocks, like Eli Lilly ( LLY), are among the worst-performing groups of this recent rally. Natural gas exporter Cheniere Energy ( LNG) has been growing strong on an expected increase in demand for gas from Japan. --Written by Scott Rutt in Washington, D.C. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.