Buy, Sell, or Hold? Jim Cramer’s Take on 18 Callers’ Stocks as Crude Oil Prices Climb

15. Capital One Financial Corporation (NYSE:COF)

Jim Cramer gave top insight on Capital One Financial Corporation (NYSE:COF), sharing a game plan of what to buy, sell, and hold right now. Mentioning the recent private credit issues, a caller asked if they should add to their position or if the “long knives” are out for the company. In response, Cramer said:

Oh no, Capital One has almost no exposure to what you just mentioned. As a matter of fact, it’s at 9 times earnings. Jeff and I talked about it today at the club meeting, and we think that even though the chart is horrible, it is a good level to start if you don’t own any stock. We’re going to continue to own ours.

Capital One Financial Corporation (NYSE:COF) provides banking and financial services, including credit cards, loans, deposit accounts, and commercial banking solutions. Cramer called the stock a “solid buy” when a caller asked about it during the March 9 episode. He said:

Okay, now, Capital One is, it’s supercharged right now because it’s got a lot of credit card debt, obviously, and people are very concerned about credit card debt at a time when oil has moved up so much. One point, the stock was down six today. I would tell you that it’s an incredible, fantastic opportunity. We own the stock for the Charitable Trust. It did go as high as $250. We sold some, we bought it back a little too quickly, but it’s down a huge amount in the last month, and I think it’s just a solid buy.