Cramer's 'Stop Trading': Halliburton

NEW YORK (TheStreet) -- Everyone is talking about the insider trading scandal today, including Jim Cramer during CNBC's "Stop Trading" segment.

Raj Rajaratnam, partner in Galleon Management and a portfolio manager for Galleon Group, is being accused of raking in $20 million in hedge fund insider trading.

But Cramer says everyone is innocent until proven guilty. "We never thought the government would care this much about insider trading," he said. If it is true, however, Cramer says Rajaratnam's career is over.

When it comes to the days trade picks, Cramer called on oilfield service company Halliburton(HAL Quote). On Friday the company posted better-than-expected third-quarter earnings and said its outlook has improved for international pricing over the next year.

Cramer says based on Chesapeake Energy's(CHK Quote) presentation earlier this week, if you are in the oil-drilling business you will have multiple years of growth.

The next indicator in this sector will be Schlumberger(SLB Quote), which reports quarterly results next Friday.

Cramer says Google(GOOG Quote) is replacing everything other then Apple(AAPL Quote), when it comes to stocks mutual funds must own.

-- Reported by Jeanine Poggi in New York

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