Jim Cramer Discussed These 12 Stocks Recently

3. Occidental Petroleum Corporation (NYSE:OXY)

Number of Hedge Fund Holders: 68

A caller asked if they should buy Occidental Petroleum Corporation (NYSE:OXY), and Cramer stated:

“No, absolutely not. It’s one of the worst of the oils, and it’s just, the only reason why there’s any glamor to it is Buffett likes it. But you know what I mean, I give you like a half dozen oils, I like more than that.”

Occidental Petroleum (NYSE:OXY) focuses on finding and developing oil and gas reserves. The company also produces chemicals and handles the transport and sale of energy products. Appearing on Squawk on the Street on Monday, Cramer said:

“Look at OXY. Look at the Buffett oil. I mean, it is just… OXY is emblematic of how bad this business has become. And it’s very hard to own the stock.”