Jim Cramer's Stop Trading: CVX AAPL

NEW YORK (TheStreet) -- On CNBC's "Cramer's Stop Trading" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, took a look at Chevron (CVX), an AAP holding.

He said the company is currently spending billions of dollars trying to boost production rates. In the second half of 2014, production growth should be much stronger, which will give a boost to the stock.

Cramer added, "I think Chevron is a major buy" at current levels. 

Turning to Apple (AAPL), another AAP holding, Deutsche Bank initiated the stock as a buy with a $650 price target. So far, the rating change has yet to give the stock a boost, making Cramer wonder, "Where have the buyers gone?"

Apple should not be trading lower on this report, he argued. 

Regarding the upcoming earnings reports from high-flying stocks, Cramer concluded Facebook (FB), Delta Air Lines (DAL) and Southwest Airlines (LUV) should all do well.

-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had a position in CVX, AAPL and FB.

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