CNBC's Jim Cramer breaks down the latest housing data and what it means for the U.S. economy. The "Mad Money" host sits down for a one-on-one with Eli Lilly CEO Dave Ricks and later in the show he reveals a group of stocks that are poised to rally higher, even as the market continues to climb to new highs.
The rate of home construction in the United States has reached numbers not seen in more than a dozen years, and CNBC's thinks it's an indication that the market has fully recovered.
"I don't know a soul who noted that it was good news because housing punches above its weight. The strength will benefit not just the homebuilders and the banks, but also the retailers ... [and] the housing-related service economy," the "Mad Money" host said. "It's not a sign that we're headed for another recession, for heaven's sake. It's a sign that we're finally, finally, finally recovered from the last one."
CEO David Ricks said Tuesday that Sen. 's accusation that the drugmaker failed on its pledge to provide patients with lower-priced insulin is "nonsense."
Ricks shot back on Tuesday, telling Cramer that the company's half-priced insulin is "a pretty big difference" to consumers and is "widely" available.
Warren, among the front-runners in the 2020 presidential race, released a survey Monday that looked at availability of the insulin in pharmacies nationwide. She said the "pharmaceutical giant Eli Lilly has not lived up to its promise to provide a lower-priced insulin to patients who need it."
The stock market continues to make record highs, but there remain some bargain stocks that investors can choose from, according to Cramer.
The basket of picks he presented on Tuesday comes from equities analysis offered by Carolyn Boroden of FibonnaciQueen.com. They are primarily software plays that touch the e-commerce, video game and payment landscapes.
"Even in a red-hot market, there are plenty of stocks that could have more room to run, and the charts, as interpreted by Carolyn Boroden, suggest that , and are all worth owning here, especially if you can get them into weakness," the host said.
In Cramer's lightning round, the "Mad Money" host sprints through his responses to callers' favorite stock picks of the day.
: "I don't want you to own Ford, I want you to own the stock of Tesla. I actually think one — I'm not saying one's safer than the other, I'm saying they both have just O.K. balance sheets, but one's got more upside."
: "I am going to approve of that."
Disclosure: Cramer's charitable trust owns shares of Facebook.