Jim Cramer's Stop Trading Feb. 5
Chevron (NYSE: CVX - News):Cramer is bullish on oil and disagrees with Deutsche Bank's downgrade of CVX, because the steep decline of this oil company, which used to be the premier operator, leaves plenty of room for an upside, and Cramer adds that he likes CVX's dividend. In addition, at 9 times earnings the stock is too cheap to sell, and he comments that CVX has a lot of untapped reserves from its acquisitions.
Nabors (NYSE: NBR - News) and Halliburton (NYSE: HAL - News): Cramer calls NBR a "rumored stock" and recalls that its CEO, Gene Eisenberg, came on his show and expressed his frustration with his company's low valuation. Cramer says that NBR is too linked with natural gas, and he doesn't see how NBR will get out of its slump, but sees more potential in HAL because it has better assets, and he predicts the stock will someday be "up big." Cramer commented that the fact that NBR is up after preannouncing a downside is a "little ridiculous."
Published by SeekingAlpha
Nabors (NYSE: NBR - News) and Halliburton (NYSE: HAL - News): Cramer calls NBR a "rumored stock" and recalls that its CEO, Gene Eisenberg, came on his show and expressed his frustration with his company's low valuation. Cramer says that NBR is too linked with natural gas, and he doesn't see how NBR will get out of its slump, but sees more potential in HAL because it has better assets, and he predicts the stock will someday be "up big." Cramer commented that the fact that NBR is up after preannouncing a downside is a "little ridiculous."
Published by SeekingAlpha
Labels: CVX, HAL, Hot Stocks, Jim Cramer, NBR
posted by Stock Administrator @ 10:16 AM
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