This Day On The Street
Continue to site
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

Jim Cramer's Mad Dash: XOM GM

NEW YORK ( TheStreet) -- Exxon Mobil (XOM - Get Report) is hosting its analyst meeting Wednesday. TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said the oil giant doesn't have enough growth. 

"People want growth," which a company like Continental Resources (CLR), provides, Cramer said. 

Going one step further, he pointed out Exxon's stock would not have moved from $85 to $95 if it wasn't for some help from Warren Buffett, who took a position in the stock.

Buffett does not concern himself with short-term problems but focuses on long-term opportunities, Cramer noted. If that's the case, Exxon Mobil must have a 50-year plan. Exxon also returns a lot of cash to shareholders in the form of share buybacks and dividend payouts. 

Turning to the automotive space, Cramer really likes General Motors (GM - Get Report). The Action Alerts PLUS name looks like it's "going to break out here," he said. Cramer said the company actually benefits from a rising interest rate environment because it cuts down on its pension obligations. 

Must Read: Jim Cramer's Stop Trading: MSFT TSLA

He added CEO Mary Barra will be able to put vehicle recalls behind the company while finding continued success in China. Cramer also likes the 3.2% dividend yield. After falling nearly 10% for the year to date, Cramer advised investors to "buy GM right here." 

-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had a position in GM.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GM $31.80 0.00%
XOM $88.40 0.00%
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs