This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

RealMoney Radio Recap: Devon Heaven

Devon Energy (DVN) is the cheapest independent oil and gas company, Jim Cramer said on his "RealMoney" radio show Thursday, and it reminds him of Kerr-McGee (KMG), since it has oil in a lot of safe places.

Not only is Devon Energy tremendous at finding oil, it also has a great record of replenishing oil, he said. At $61, Cramer believes the stock could easily go up 30 to 40 points if it receives a single takeover bid. And a bid is possible, he said.

The bottom line is that Devon Energy should not be this low, especially since oil is $75 a barrel, he said. If oil goes to $65 a barrel, Cramer predicts Devon Energy could fall five points, but not much more, and if oil stays where it is, he believes the company could get taken over.

He called Devon's fundamentals better than good and said it is a buy.

Although J.C. Penney (JCP) reported "beautiful" numbers this morning and

Abercrombie & Fitch (ANF) reported an awful number, J.C. Penney is down, while Abercrombie & Fitch is up.

This is because a lot of people know J.C. Penney is a well-run place and Abercrombie & Fitch is a disappointment, Cramer said. It's all about expectations, he said. And the expectations got out of control for the upside of J.C. Penny and for the downside of Abercrombie & Fitch.

Altria's Split Personality

Altria (MO) is a stock in the news that Cramer believes people should buy.

The lawsuits currently surrounding Altria, which Cramer owns for his charitable trust, Action Alerts PLUS , are "a joke" and are all going away, he said.

And when it wins those lawsuits, Cramer believes Altria is going to split into three companies: domestic tobacco, international tobacco and Kraft Foods. Once it is split up, Altria will be worth $100, he said. (The stock was recently at $77.)

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs