RealMoney Radio Mailbag: Oil for the Long Haul
Editor's note: The following are questions received from listeners of "RealMoney Radio." To send Cramer a question about topics from his radio show, click here. Listen to Cramer's latest radio show by clicking here.
Is Noble Energy(NBL Quote) a mon back*? -- Jeff from Kansas James J. Cramer: It's tough to be super bullish on the energy stocks just yet given the recent decline in oil and natural gas prices, but I remain long-term bullish on the fundamentals of the group and would still use weakness to my advantage to position for another leg up.
Jim, your take on PortalPlayer(PLAY Quote)? -- James from Washington State James J. Cramer: PortalPlayer has made quite a nice run over the past week. But I believe this stock will rally every time Apple(AAPL Quote) puts out a new product that includes parts from PortalPlayer. With that in mind, I think it's still an attractive buy here. *For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,414.14 | 1,114.05 | 2,237.66 | 36.82 |
Oil *
72.73
|
|
UP
85.25
|
UP
11.58
|
UP
25.97
|
UP
1.36
|
10 Yr
3.68%
SPDR Gold
106.95
|
|
+0.83%
|
+1.05%
|
+1.17%
|
+3.84%
|
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