Jim Cramer's 'Stop Trading!': Drill Into Nabors

Cramer says the oil drillers are a good play on McCain's plan to lift the offshore drilling ban.
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Buy drillers! Jim Cramer said drillers are the way to go on today's

CNBC

"Stop Trading" segment. Cramer started off by discussing what stocks would benefit as a result of John McCain's announcing his plan to end the offshore drilling ban.

Cramer said it struck him that McCain has taken this new position to lift the offshore drilling ban, and believes drillers are the way to go.

Nabors

(NBR) - Get Report

and

Halliburton

(HAL) - Get Report

were reiterated by Cramer as his two favorite plays in the drilling sector. Nabors is up about 4% to $47.06, and Halliburton is up 3% to $50.29.

Cramer pointed out another favorite of his,

Chesapeake

(CHK) - Get Report

, for making a new 52-week high today. He said, "CEO McClendon is a great leader." The stock is up 4% to $63.72.

Another driller Cramer likes is

FMC Technology

(FTI) - Get Report

. FMC is up about 3% to $78.25. He also suggested if you want to learn more about drillers, from an operational standpoint, to check out

Schlumberger's

(SLB) - Get Report

Web site.

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

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