Jim Cramer’s Stop Trading! Commodity Plays
“I don’t want to leave this stock just because the price of crude has come down,” said Jim Cramer about Schlumberger (SLB) on CNBC’s “Stop Trading!” segment on Monday. Cramer mentioned that under $50 SLB has been a pretty good buy. He said the oil-service firm is having a decent quarter and year, and he won’t get bearish on the stock just because crude oil prices have come down. Cramer also likes Transocean (RIG) under $60. Cramer also told viewers to watch Rangold (GOLD) and Agnico-Ealge (AEM) now that the stocks have dropped 6% and 5% respectively on Monday. Cramer has recommended these stocks in the past, but he urged viewers to take profits after GOLD and AEM had moved noticeably higher. He said he wants to be in GOLD at current levels and he would buy AEM at around $47-to-$48 a share. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!
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