11 Stocks on Jim Cramer’s Radar

7. Halliburton Company (NYSE:HAL)

Number of Hedge Fund Holdings: 48

Halliburton Company (NYSE:HAL) is an oil and gas production equipment and services provider. Like other oil stocks, its shares also saw considerable activity after the US operation in Venezuela. Halliburton Company (NYSE:HAL)’s stock is up by 8.6% so far in the year to mark a strong start. Yet, as it did with Chevron and Exxon, Freedom Capital also downgraded the stock following Venezuelan leader Nicolas Maduro’s capture. It cut Halliburton Company (NYSE:HAL)’s share rating to Sell from Hold and set the price target to $32. According to the financial firm, the oil sector is seeing notable upward momentum when it comes to share prices. However, this momentum is not matched by the movement in oil prices. Halliburton Company (NYSE:HAL)’s shares were downgraded by Evercore to In-Line from Outperform on January 1st as the firm also raised the share price target to $35 from $28. During this appearance, while Cramer hesitated discussing oil stocks after the US operation in Venezuela due to NVIDIA’s upcoming CES appearance, he did remark that Halliburton Company (NYSE:HAL) looked interesting to him.

“If you want to talk about Haliburton, I like Haliburton here.

“Look, we can speculate. Go buy HAL. Because if you’re going have to really redo everything, it’s going to go to HAL. Maybe SLB, Chevron.”