Jim Cramer Says Avoid Airlines on Capacity Woes, Buy Eli Lilly

TheStreet’s Jim Cramer commented on United Airlines (UAL) and JetBlue (JBLU) on Tuesday from the floor of the New York Stock Exchange. JetBlue reported a drop in unit revenue and higher capacity, and Cramer pointed out that the airline group trades on capacity. ‘If capacity is being added, you can’t own the stocks. Not right now, maybe lower,’ said Cramer, who’s portfolio manager of Action Alerts PLUS. Cramer also commented on word of an activist shakeup at United Airlines, saying investors should give United CEO Oscar Munoz ‘a break.’ Cramer also commented on the pullback in shares of Nike (NKE), saying he thinks it’s just profit taking. Cramer discussed Gilead (GILD) and several other biotech stocks, and said he likes Bristol Myers (BMY) less at $70 a share. But he added that investors should buy Eli Lilly (LLY).