NEW YORK (TheStreet) -- The S&P 500 is down 1.2% Thursday but not all stocks are having a bad day. Shares of Eli Lilly (LLY - Get Report) are up nearly 5% following positive data for its Jardiance drug.
The safety profile of the drug is very good, he said, adding that this is a "major breakthrough" for Eli Lilly as roughly 50% of patients with type 2 diabetes die from cardiovascular disease.
It's a horrible disease and that's why this is such a big deal, he said.
However, Cramer is not impressed. He reminded viewers the stock is down a whopping 76% on the year because of the compliance issues that have plagued the company and its reputation.
He noted Lumber Liquidators has a new chief compliance officer. Hardwood and laminate flooring is selling well, as shown by the recent success at Home Depot (HD - Get Report) and Lowe's (LOW - Get Report), Cramer said.
However, Cramer advised that if you want exposure to carpeting and flooring without the problems of Lumber Liquidators, look at Mohawk Industries (MHK - Get Report), which despite being down over 1% Thursday is close to an all-time high.