Jim Cramer Says Schlumberger Could Rise to $90 as Oil Recovers

TheStreet's Jim Cramer is more optimistic about the first quarter reporting season than many are predicting.

Author:: Jim Cramer
Publish date:: Apr 11, 2016 11:36 AM EDT

TheStreet's Jim Cramer talked about his upcoming CNBC earnings interview with the CEO of Alcoa (AA) - Get Report as corporate earnings reporting season kicks off today with Alcoa's results. Cramer said he'll watch to see if CEOs talk less about the strong dollar as they report their numbers. The strong dollar has been a headwind for many international companies, but with the currency weakening, Cramer believes there could be upside earnings surprises for some companies. Cramer said one of those companies could be Alphabet (GOOGL) - Get Report , which is held in the Action Alerts PLUS portfolio that he manages. Cramer also commented on rising oil prices, saying they have helped stocks like Chevron (CVX) - Get Report recover. Cramer likes Occidental Petroleum (OXY) - Get Report and said Schlumberger (SLB) - Get Report shares could climb to $90 in this environment.