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Cramer's Wall St. Confidential: Oil Might Be Well

Stock quotes in this article: RIG , DVN , AAPL  

All things oil are hurting, but don't eschew the stocks in the sector.

Oil prices are tumbling, BP (BP Quote) has reported bad production numbers, and Marathon Oil (MRO Quote) has been negative, but Jim Cramer said on TheStreet.com TV's Wall Street Confidential video Tuesday that he believes people should buy oil stocks on the way down here.

"Oil has come down a lot and the stocks are pretty much in free fall," he told Aaron Task, the host of Wall Street Confidential. "I like to buy a stock in freefall if you have some underpinnings." ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes

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