Jim Cramer Gave Opinions on 5 Stocks: Honeywell, Chevron, and More

3. Chevron Corporation (NYSE:CVX)

Chevron Corporation (NYSE:CVX) is one of the stocks on which Jim Cramer gave his opinions. When a caller inquired about the stock, Cramer said:

Let me go to work on this… Because I gotta tell you something, you did hit the key stock in this entire market, and that is Chevron. Why? Because Michael Wirth is the best at what he does. You got Mike Wirth at the helm, you got the best assets, you got a great yield, you got a rock-solid balance sheet. But you now have a high stock price. This has just had a parabolic move… and what do you do with a parabolic move? You either sell half or sell a quarter, and that’s what you’re going to do Monday. That is not a criticism of Mike and Chevron; it’s what I always advise, and it’s almost always right. Sell half or a quarter. The stock has moved too high, too quickly.

Chevron Corporation (NYSE:CVX) is an integrated energy company that explores, produces, refines, and markets oil, natural gas, and petrochemical products. We mentioned the stock while discussing the best spring stocks to buy. You can read it here.