Cramer told viewers to buy Halliburton (HAL) and Nabors Industries (NBR) on CNBC’s “Stop Trading!” show Friday. Cramer explained that record oil prices doesn’t mean it’s too late to buy the oil stocks. He thinks investors can buy HAL and NBR until analysts raise their earnings estimates for the names. Moving on, Cramer noted that Intrepid Potash (IPI) hit a 52-week high today. “I want to buy it still. I think IPI’s about to rip,” he said. Cramer told investors to avoid airlines and regional banks and he would stay out of names like Kimberly-Clark (KMB), Clorox (CLX) and Procter & Gamble (PG). Cramer explained that he would normally like the recession plays but raw costs are rising for their products that are either made of or packaged in materials that need oil or petroleum. “The natural place to hide has been taken away,” he said.
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