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Jim Cramer's 'Stop Trading!': Buy Halliburton

TheStreet.com Staff

Noting solid performance in fellow energy stocks Apache APA and BJ Services BJS, Cramer said, "Don't forget Halliburton, which is deeply connected to North American natural gas drilling." He called natural gas "the most abundant form of clean energy in our nation," and said, "this move makes sense."

Cramer decried ethanol as a "political boondoggle," echoing sentiments expressed by Anadarko Petroleum APC CEO James Hackett in an interview on last night's "Mad Money" TV show.

Cramer also urged investors to look at U.S. Steel X. The company "does not get its due," he said.

Of Citigroup's C decline today, Cramer said, "I'm going to say the same call I made about Bear Stearns BSC." He said viewers do not need to take their deposits out of Citi, but "I do not want to own that stock. I'm trying to make it clear."

Cramer said he didn't like Ford's F sale of its Jaguar and Land Rover brands to Indian automaker Tata TTM. "No, no. Tata for now," he said. He called the deal "bad for both," saying Tata overpaid for the brands. "I do like the Ford preferred. I do not like the Ford common," he said.

Asked whether any bank or broker stocks are worth owning, Cramer said, "I think that JPMorgan JPM is a stock you want to own, particularly on a pullback." He stressed that "your money is safe in these banks, no matter what you hear."

Cramer said he has hated financial stocks for a long time, and said that JPMorgan, Hudson City Bancorp HCBK and Goldman Sachs GS are the only exceptions.