Jim Cramer tackled the issue of low oil prices when answering viewers' questions from the floor of the New York Stock Exchange Thursday. Cramer, who's portfolio manager for Action Alerts PLUS and host of CNBC's "Mad Money," said at current price levels, there won't be big bankruptcies among U.S. oil companies. But he did point to a column in Real Money onChesapeake Energy (CHK) - Get Report that investors should read.
Cramer was asked if low oil prices will help airlines like Delta (DAL) - Get Report and United (UAL) - Get Report , and he said that he's a believer in Delta, but noted that Southwest (LUV) - Get Report just reported earnings that reflected price competition.
Switching gears, Cramer said he believes Dow Chemical (DOW) - Get Report and DuPont (DD) - Get Report will announce a definitive merger deal this week. Action Alerts PLUS owns Dow Chemical, and Cramer said he still needs to decide what to do with that stock.
In response to a viewer's question about how the deal might impact Cytec (CYT) , Cramer said that's not a stock he cares about.
Cramer also commented on the news that Yahoo! (YHOO) is abandoning plans to shed its stake ofAlibaba (BABA) - Get Report , saying he had wanted Yahoo! to make some big acquisitions. Instead, Cramer said, "They sat on their cash, and that's the problem."
Several viewers asked about retailers. Regarding Lululemon (LULU) - Get Report , Cramer said a Real Money Pro story by Carleton English looks at inventory problems at the company, along with potential inventory problems at Under Armour (UA) - Get Report and Columbia Sportswear (COLM) - Get Report . He said to be "very careful" about the stocks, and said the same about J.C. Penney (JCP) - Get Report .
Cramer was asked for his latest thoughts on Twitter (TWTR) - Get Report , which is owned by Action Alerts PLUS. He thinks things are improving longer term at Twitter, but doesn't look for instant results.
On cybersecurity, he said FireEye (FEYE) - Get Report is still in the penalty box, and he likes a piece written at JPMorgan about why CyberArk (CYBR) - Get Report should be bought. Finally, Cramer was asked about Kroger (KR) - Get Report and said that's a stock to hold onto.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS was long BAC, DOW, FB and TWTR.