This column was originally published on RealMoney on Feb. 27 at 10:46 a.m. EST. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.
Looking for a safe haven? Who has pricing power that won't be eroded by
this China news? Who has long-term visibility? Cereal companies? Drug companies? Aerospace? Farming? Hardware?
I'm not kidding, these companies have the longest contracts, the most visibility and a fantastic long-term outlook.
I believe it's important to recognize that there is a
of oil out there but only a couple of companies have rigs that can reach it, most notably
. We need service companies, and
just announced one of the biggest buybacks -- go read the fine print of the
exchange. We need seismic and tech and more rigs; that's
National Oilwell Varco
These stocks have what people want: a long-term view with built-in estimate increases as long-term contracts roll over and as we get better rates -- because with oil above $50, drilling as deep as possible works.
At the time of publication, Cramer was long Transocean and Halliburton.
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