Jim Cramer Gives His Opinion On GlaxoSmithKline, Abbott Laboratories And More

On CNBC's "Mad Money Lightning Round", Jim Cramer said he would take a big pass on SiteOne Landscape Supply Inc SITE. He explained that people don't like housing right now and the stock is going to be affiliated with the housing group.

Instead of Casella Waste Systems Inc. CWST, Cramer would rather buy Waste Management, Inc. WM.

Cramer thinks there are much better drug stocks than GlaxoSmithKline plc GSK.

Abbott Laboratories ABT is terrific, said Cramer. He thinks the CEO has done a remarkable job. The company has a fantastic balance sheet and its device business is red-hot, added Cramer.