With hurricane season upon us, Jim Cramer explains how to manage the oil stocks in your portfolio.
How will Hurricane Barry impact oil prices?
Despite the usual short-term headwinds, Schlumberger seems to be one of the best-positioned players in the energy services sector. Once the macro environment improves, the stock could head substantially higher from its current, depressed levels.
But trading calls and puts in Amazon requires you to know your risk tolerance big-time.
Last-hour buying sent the indexes into positive territory, but breadth remained negative, oil-related stocks were brutalized as money flowed into precious metals, bitcoin and bonds.
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