Cramer and Link: Still in Favor of Energy Stocks

NEW YORK (TheStreet) -- Last week, TheStreet's Jim Cramer and Stephanie Link, co-managers of the Actions Alerts PLUS portfolio, initiated a position in Chevron (CVX). They said they liked the stock's dividend yield, short-term catalysts and long-term value. 

Link has expressed her bullish view on the energy sector as a whole in a conversation with TheStreet's Jill Malandrino. Link and Cramer are certainly bullish on the specific energy companies in their portfolio.

Names such as Occidental Petroleum (OXY) and National Oilwell Varco (NOV) have positive catalysts that could push shares higher. 

Cramer and Link are looking for these stocks to benefit from the companies' decisions to spinoff certain business segments. Since the spinoffs were announced, however, the stocks have given up the initial gains and in some cases are actually lower. 

Cramer and Link say this doesn't make sense and that they believe future gains are in store for shareholders of these stocks.

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DISCLOSURE: At the time of publication, Cramer's Action Alerts PLUS portfolio had holdings in CVX, NOV and OXY.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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