Jim Cramer’s 19 Stock Q1 Recap: S&P 500 Winners vs. Nasdaq 100’s Worst Performers

6. APA Corporation (NASDAQ:APA)

APA Corporation (NASDAQ:APA) is among the stocks in focus as Jim Cramer reviewed the S&P 500’s top performers and the Nasdaq 100’s biggest laggards for the first quarter. Cramer mentioned that the company has no exposure to the Persian Gulf, as he remarked:

Next up, I was a little surprised that with crude oil up more than 70% year to date, there were only three oil plays among the S&P’s top 10 performers, APA, Texas Pacific Land, which you know we’ve liked a lot, and Occidental Petroleum, which frankly we haven’t liked at all. APA, the old Apache, finished the quarter up nearly 75%. That’s good for fifth place in the index. This is a major independent oil and gas producer that’s been a long-term underperformer, but crucially, they have no exposure to the Persian Gulf.

APA Corporation (NASDAQ:APA) is an independent energy company that focuses on the exploration, development, and production of crude oil and natural gas in addition to handling natural gas liquids. During the episode aired on June 26, 2025, Cramer highlighted that the stock was cheap compared to its assets, as he said:

Finally rounding things out… APA, the old Apache, [it] can run, but they can’t hide. This is an oil and gas company, primarily natural gas. Apache’s been a huge disappointment over the years. Maybe now that it’s APA, it won’t be. Well, anyway, maybe M&A’s picking up.

I had to wonder whether there’s something going on here because otherwise it shouldn’t be going up. I still prefer Coterra for natural gas. Still, no denying that Apache’s cheap versus its assets, and no denying that it’s not a tech company.

It is important to note that since the above comment was aired, APA Corporation’s (NASDAQ:APA) share price is up by over 124%.

Click to continue reading and see Jim Cramer’s 5 Stock Q1 Recap: S&P 500 Winners vs. Nasdaq 100’s Worst Performers.

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