Jim Cramer Gives His Opinion On Exxon Mobil, Allegiant Travel Company And Novartis AG

Jim Cramer said on CNBC's "Mad Money" that he wouldn't buy oil companies until the crude oil price drops to $45. He thinks that Chevron Corporation CVX is a better stock than Exxon Mobil Corporation XOM.

Instead of buying Allegiant Travel Company ALGT, Cramer would buy Southwest Airlines Co LUV.

Cramer wouldn't take profits in Novartis AG (ADR) NVS because he sees it as a great stock.