Jim Cramer: Report of Apple's Diabetes Test Isn't a Reason to Own the Stock

TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said reports of Apple (AAPL) - Get Report developing a diabetes testing product is not a reason to own the stock. He said glucose monitoring is heavily scrutinized by the Food and Drug Administration. 

Cramer has been a big supporter of glucose monitoring company DexCom (DXCM) - Get Report.