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Jim Cramer's Stop Trading! Cheering Chevron

Stock quotes in this article: CVX  

Cramer wouldn't sell Chevron (CVX Quote) despite Monday's Deutsche Bank downgrade, he said on CNBC's "Stop Trading!" segment.

Cramer said he is bullish on oil and the oil-companies trade as a group because of the action in exchange-traded funds and other factors. So he wouldn't sell Chevron, which he conceded is one of the less efficient operators in the industry, because it trades at just nine times earnings and pays a solid dividend.

Chevron has "the most room for improvement," Cramer said, and "a lot of untapped reserves" to boot. He said the stock, trading at $73 and change, has the most upside in the sector. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,344.84 1,095.63 2,144.60 32.01
Oil *
78.55
UP
34.92
UP
4.14
UP
6.16
DOWN
0.30
10 Yr
3.20%
SPDR Gold
115.65
+0.34%
+0.38%
+0.29%
-0.93%
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