Don't worry about a little selloff, says Jim Cramer. The data and earnings signal an improving economy.
Stock-picker also favors Apache Corp., Costco, HPE and AEP.
ExxonMobil and Noble Energy announced plans to build their respective Permian Basin portfolio, buys that 'continue to move the needle,' says Cramer.
Noble Energy's deal for Clayton Williams and Exxon Mobil's purchase of Permian acreage is pushing prices in the sector higher.