Jim Cramer Is 'A Seller' Of This Company Because 'Elon Musk Said That He Doesn't Like That Business'

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Abbott Laboratories 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. 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. HON over Spirit AeroSystems Holdings, Inc. SPR.

"Let’s just stick away from CVS Health Corporation CVS," Cramer said.

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When asked about Albemarle Corporation 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. 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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