Cramer Says 'I Have No Idea What's Happening' To Once-Favored Stock Down 35% YTD

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Edwards Lifesciences Corporation EW used to be "one of the greatest stocks of our time and, it’s now just terrible."

When asked about CVS Health Corporation CVS, he said, "I think that this thing between the price of say 60 and 70 is going to bottom. It’s got all the problems that we know about, every company that has a theft issue, that’s what’s really hurting it now."

Cramer said he used to love International Flavors & Fragrances Inc. IFF. However, he added, "I have no idea what’s happening, why it’s just completely falling apart."

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When asked about Martin Midstream Partners L.P. MMLP, he said, "I like Oneok OKE very, very much. It’s a great deal."

The "Mad Money" host recommended buying Enbridge Inc. ENB.

When asked about Honeywell International Inc. HON, he said, “Something happened today, Honeywell spoke at the Laguna conference, Morgan Stanley, they told a good story, but a lot of the people that I got the vibe from say that they’re willing to think more about bringing out value, which maybe means even breaking up the company. Charitable trust owns it, I’m just thrilled the stock went up at all.”

Price Action: Shares of Honeywell gained 1.6% to close at $189.21, while Enbridge gained 1.3% to $34.14 on Tuesday. Magellan shares gained 2.3% to settle at $3.07, while International Flavors & Fragrances fell 0.4% to close at $68.10 on Tuesday. CVS shares gained 2.6% to $70.52, while Edwards Lifesciences shares fell 2% to close at $73.37 on Tuesday.

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