Jim Cramer Does Not Like These 5 Stocks

2. Transocean LTD (NYSE:RIG)

Number of Hedge Fund Investors: 45

Jim Cramer was recently asked about his thoughts on drilling company Transocean LTD (NYSE:RIG). Cramer said:

“Too down and out.”

Cramer said he’s been around the oil drilling industry for too long which has taught him that if you want to own any stocks in this sector it should be Schlumberger, Halliburton, or “you’re going to buy nobody.”

Smart money investors might not agree with Cramer here since Insider Monkey’s database of 933 hedge funds shows that 45 hedge funds had stakes in Transocean LTD (NYSE:RIG). The most notable stake in Transocean LTD (NYSE:RIG) is owned by David Greenspan’s Slate Path Capital which owns a $132 million stake in Transocean LTD (NYSE:RIG).