Benzinga - by Priya Nigam, Benzinga Staff Writer.
On CNBC’s "Mad Money Lightning Round," Jim Cramer said Abbott Laboratories (NYSE: ABT) is a "very good company and will be up to the—let’s say—up to the challenge. I think that’s fair. You’re getting a premium company at a very low multiple that is doing a lot right."
When asked about Herbalife Ltd. (NYSE: HLF), he said, "That ship has sailed, frankly, I’m moving on from that one." The company’s stock has lost more than 9% over the past six months.
Cramer said he prefers Honeywell International Inc. (NYSE: HON) over Spirit AeroSystems Holdings, Inc. (NYSE: SPR).
"Let’s just stick away from CVS Health Corporation (NYSE: CVS)," Cramer said.
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When asked about Albemarle Corporation (NYSE: ALB), he said, "I’m a seller because Elon Musk said that he doesn’t like that business. And I’m not going against Elon no matter what."
The "Mad Money" host said Viking Therapeutics, Inc. (NASDAQ: VKTX) is a "very good spec, but you have to understand it could be wiped out or go up a lot."
Price Action: Shares of Viking fell 1.8% to close at $11.35, while Albemarle gained 4.1% to $162.08 on Tuesday. CVS rose 0.7% to settle at $71.73, while Honeywell slipped 0.1% to close at $186.34 on Tuesday. Spirit AeroSystems shares climbed 4.9% to close at $17.61, while Herbalife rose 1.5% to settle at $13.94 on Tuesday. Shares of Abbott added 0.8% to close at $97.56 on Tuesday.
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