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TheStreet Open House

Jim Cramer's Mad Dash: Be Cautious on SeaWorld and Oil Services

NEW YORK (TheStreet) -- Shares of SeaWorld Entertainment (SEAS) are down nearly 30% Wednesday morning, making it the first stock on CNBC’s "Cramer’s Mad Dash" segment.

TheStreet’s Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said the company missed estimates for its top and bottom lines and offered lower guidance.

"It’s almost as if people are on strike, they’re not going to SeaWorld," he added. The company is experiencing a "complete collapse in EBITDA" and right now, there doesn’t seem to be a solution at hand.

Read More: Boeing, Airbus Get Nods at China Southern; Chinese-Built C919 Gets a Maybe

The infamous Black Fish documentary has to be having a big, negative affect on the company and its attendance.

Turning to oil services, Cramer said the Market Vectors Oil Services ETF (OIH) appears poised to fall if WTI crude oil continues to head lower and geopolitical tensions escalate in Iraq, causing drilling to slow.

He advised investors to watch Weatherford International (WFT), which has yet to sell off much in recent trading despite its exposure to the region.

-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

Read More: King Digital Entertainment in Worse Shape Than Earnings Suggest

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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