Cramer's 'Stop Trading!': Exxon and Oil

The fact that Exxon is up means oil is done going down, says Jim Cramer.
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"You can't rally with financials going down like this," Jim Cramer said on Thursday's "Stop Trading!" segment on CNBC.

Exxon

(XOM) - Get Report

, however, "is pushing things up" against stocks such as

Citi

(C) - Get Report

,

General Motors

(GM) - Get Report

and

Bank of America

(BAC) - Get Report

.

The fact that Exxon was downgraded by both Barclays and Bernstein today but is still seeing upside "means that oil is done going down," Cramer said. "The oil bears are going to have to put up or shut up soon, and I think they're going to shut up."

At the time of publication, Cramer had no positions in stocks mentioned.

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