Jim Cramer Discussed These 12 Stocks Recently

8. Halliburton Company (NYSE:HAL)

Number of Hedge Fund Holders: 49

During the episode, a caller asked if they should hold it or double down on Halliburton Company (NYSE:HAL). Here’s what Cramer had to say in response:

“No, I think Halliburton, look, it’s probably going to bottom at 3 and a quarter yield, but I can’t recommend it because it’s got, it’s domestic drilling, and oil’s come down so much in our country that I think that the president, as much as he went “drill, baby drill”, it’s not happening. It’s not happening. So I can’t encourage you there. I’m sorry, I feel terrible about that, but I can’t.”

Halliburton (NYSE:HAL) delivers a broad range of products and services to the energy sector, including solutions for drilling, well construction, production enhancement, and digital technologies for reservoir and production management. In January, Cramer commented:

“I think SLB and Halliburton deserve all of this upside and more…. Yes, I think they can keep climbing. Yes, the growth outlook for the oil service industry is better than I thought going into earnings, primarily thanks to increased activity overseas.”