'I Don't Want You To Touch That': Cramer Rejects Stock Down 32% Over Past Month, Prefers Tesla - Alexandr

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Alexandria Real Estate Equities, Inc. (NYSE:ARE) is "one of the better real estate investment trusts, but I would rather see you in Federal Realty Investment Trust (NYSE:FRT), which I think does a very better job, and I think Don Wood is the man."

When asked about AST SpaceMobile, Inc. (NASDAQ:ASTS), he said, "Jimmy Chill is not going to fall prey to that idea that a bad stock is going to be better long term, I don’t want you to touch that." He likes better companies, including Tesla, Inc. (NASDAQ:TSLA), which is scheduled to release earnings on Wednesday.

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The "Mad Money" host said StoneCo Ltd. (NYSE:STNE) is ok. "Any one of my enterprise software segments is better than yours. I’m sorry, but I got to be blunt about it," he added.

When asked about Centene Corporation (NYSE:CNC), he said, "Ok, ever since the late Michael Neidorff passed away, I have not been as involved or liked Centene. I think he was the driving force behind Centene, he’s now gone, he was a great man. We own Humana Inc. (NYSE:HUM) for our charitable trust, and that’s the one that I’m sticking with, even though it’s not been that great because of high medical loss ratio that everyone’s so worried about."

Incyte Corporation (NASDAQ:INCY) is a "good company, it has been on a real downturn, but I do think that that’s the kind of speculative company that is working right now, and it doesn’t lose money, so I’m ok with it," Cramer noted.

Price Action: Shares of Incyte rose 1% to close at $61.68, while Centene rose 1.9% to $66.33 on Tuesday. StoneCo shares fell 0.8% to settle at $12.33, while AST SpaceMobile added 2.7% to $4.14 during Tuesday’s session. Alexandria Real Estate Equities shares fell 0.5% to close at $116.87 on Tuesday.

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AREAlexandria Real Estate Equities Inc

$45.02-0.82%

Overview

ASTSAST SpaceMobile Inc

$89.360.89%

CNCCentene Corp

$37.510.67%

FRTFederal Realty Investment Trust

$110.06-0.14%

HUMHumana Inc