In this piece, we will look at the stocks Jim Cramer recently discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer discussed the recent US action in Venezuela and its impact on the stock market. The day he made the comments, oil company stocks were rising as investors wondered whether oil companies would benefit from a greater presence in the country. However, Cramer pointed out that refining and extracting oil takes time and added that, in his opinion, the only stocks that could benefit were those of oil and gas exploration equipment providers:
“Right well, I think the commodities are taking action immediately but it’s not oil. Oil’s kind of trying to figure out what to do. I do think that we have to look at the fact that we, do not want to immediately jump to the conclusion that we’re gonna untap all those reserves. And the reserves happen to be as they call Ven, they’re Ven heavy crude which can be refined in the US and refined in China. . .but you could say, look, Chevron has a toehold in there, they get 100,000 barrels per day. But I think that, Chevron was up 12 at one point, I think that you can get excited about these things. The only guys who are really going to make some money I think would be Haliburton, because you got to rebuild everything.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on January 5th. We also provided hedge fund sentiment for each stock as of the third quarter of 2025, which was taken from Insider Monkey’s database of 978 hedge funds.
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11. Chevron Corporation (NYSE:CVX)
Number of Hedge Fund Holdings: 89
Oil giant Chevron Corporation (NYSE:CVX)’s shares witnessed considerable traction after the US action in Venezuela. On January 6th, Freedom Capital downgraded the shares to Sell from Hold as it commented that while oil prices were falling, the shares of oil companies were rising to create a dangerous trend. The financial firm added that Chevron Corporation (NYSE:CVX)’s shares, along with those of other companies, could struggle once their earnings indicate a cooler performance than what the equity performance was suggesting. Another recent coverage came from Mizuho, which reiterated an Outperform rating and a $206 share price target for Chevron Corporation (NYSE:CVX). The firm commented that it expected the oil company to miss its fiscal fourth quarter earnings estimate. Cramer also took a cautious tone for the firm as, like Freedom Capital, he linked share price performance with oil price performance:
“Well look I think people want to immediately jump to the conclusion that perhaps that you can un-nationalize what’s been nationalized. You can just dust off the infrastructure. I remember, I remember when I used to work with Larry Culpa. And there was a sense, that when you opened a rack, which was doing two million, that it would go to five. Well, eight years later it went to four. So, those who are trading on this right now, they are people who have been wrong about a lot of things and they are going to be wrong about this. Now maybe not wrong today, but I do think that, people might buy nuclear on this too. I think we have to, the year of magical investing ended and now we’re in the year of stupid investing and I think we have to call out trades that are stupid. If you’re going to buy oil on this, I wanna know why, because the price of oil is going to go lower, not higher.”
10. Exxon Mobil Corporation (NYSE:XOM)
Number of Hedge Fund Holdings: 93
Like Chevron, Exxon Mobil Corporation (NYSE:XOM)’s shares also rose after the US operation in Venezuela. As it did with Chevron, Freedom Capital also downgraded the firm’s shares in January. Cutting the rating to Sell from Hold and setting a $123 share price target, the firm pointed out that oil stocks were performing well while oil prices were struggling. The recent US action in Venezuela has seen oil prices drop after President Trump revealed that Venezuela will send supplies to the US. Exxon Mobil Corporation (NYSE:XOM)’s shares have also slipped recently after initially surging following the political shift in Venezuela. On Wednesday, the firm also provided color to the debate surrounding oil prices. In a regulatory filing, Exxon Mobil Corporation (NYSE:XOM) pointed out that lower crude oil prices could reduce its upstream fourth quarter earnings by $800 million to $1.2 billion. Cramer cautioned that buying oil stocks on the back of the recent developments could be risky:
“Well look I think people want to immediately jump to the conclusion that perhaps that you can un-nationalize what’s been nationalized. You can just dust off the infrastructure. I remember, I remember when I used to work with Larry Culpa. And there was a sense, that when you opened a rack, which was doing two million, that it would go to five. Well, eight years later it went to four. So, those who are trading on this right now, they are people who have been wrong about a lot of things and they are going to be wrong about this. Now maybe not wrong today, but I do think that, people might buy nuclear on this too. I think we have to, the year of magical investing ended and now we’re in the year of stupid investing and I think we have to call out trades that are stupid. If you’re going to buy oil on this, I wanna know why, because the price of oil is going to go lower, not higher.”
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