Know What to Hold as Oil Surges Again

You can keep the new techs, winds, coal producers and infrastructure stocks.
By Jim Cramer ,

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Here we go again: higher crude, sell everything but oil. Hold it, maybe sell oil! Why not, the economy's going to slow so much, who will buy oil?

Except it isn't like that at all.

We sell everything and then we rethink what doesn't get hurt, what gets helped and what is really on fire because of oil.

Yesterday I went through this list: You do not need to sell any of the new techs that make oil cheaper, or the winds or the coals or the infras. That's

ConocoPhillips

(COP) - Get Report

and

Trinity

(TRN) - Get Report

and

Apache

(APA) - Get Report

and

Schlumberger

(SLB) - Get Report

, but it is also

Boeing

(BA) - Get Report

and

Schering-Plough

(SGP)

(unaffected).

Retail's bad. Financials bad.

And the mineral stocks? Twelve million people moving in China, biggest rebuild

ever

! And people sell copper and the other mineral stocks. We only wish that these prices would come down.

Alcoa

(AA) - Get Report

and

Freeport-McMoRan

(FCX) - Get Report

anyone?

What else is new?

Random musings:

Apple

(AAPL) - Get Report

and

MasterCard

(MA) - Get Report

say down day. ... We are due.

At the time of publication, Cramer was long ConocoPhillips, Freeport-McMoRan and Schering-Plough.

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