I Like Halliburton (HAL), Says Jim Cramer

We recently published 11 Stocks on Jim Cramer’s Radar.  Halliburton Company (NYSE:HAL) is one of the stocks on Jim Cramer radar.

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.

I Like Halliburton (HAL), Says Jim Cramer

“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.”

While we acknowledge the risk and potential of HAL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HAL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.