"This is incredible," said Jim Cramer on Wednesday's "Stop Trading!" segment on CNBC. "This Exxon tell is extraordinary." The whole time that oil was going down, he said, Exxon forecasted the decline six months ahead because the stock had peaked much earlier.
Yesterday, oil service and natural gas stocks were all ramping, but Exxon was down. Once again, Cramer said, "Exxon is telling you that oil has now peaked and is going to begin to go down again."
Cramer also said that BB&T analyst Frank Mitsch's call on
was a "home run. People need to listen to him. He is
At the time of publication, Cramer had no positions in stocks mentioned.
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