Cramer's High Oil Price Stock Plays
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Date updated:02-13-2008

Cramer said the rally, which saw the Dow up 178.83 points and Nasdaq up 53.80 points, had nothing to do with a strong retail sales report, but rather the strength in oil prices. "Oil is the umbrella that makes everything else work."

Cramer likened the day's rally to many similar ones in 2007, when oil prices rallied despite high oil inventories. Cramer noted higher oil prices affects many different stocks and sectors.

symbol name last price % change open
  • +
  • FSLR
    First Solar
  • $122.02
  • 0.00%
  • $N/A

They include stocks like First Solar (FSLR), which reported a better-than-expected quarter and also surprised with upside guidance

People owning FSLR also tend to own: CNXTEWZIFNIFUE.OBMMCAMXCHL

TheStreet.com Rating: B- What is this?

  • +
  • AMAT
    Applied Materials
  • $12.89
  • +4.71%
  • $12.43

Cramer expects strength in First Solar to also spill over into other alternative energy plays like Applied Materials (AMAT) and MEMC Electronics (WFR).

People owning AMAT also tend to own: AMTAMXBIDUFMCNKRYRACKSTP

TheStreet.com Rating: C What is this?

  • +
  • UPL
    Ultra Petroleum C
  • $47.53
  • +1.15%
  • $47.81

The oil umbrella will also carry the natural gas stocks. Cramer likes Ultra Petroleum (UPL), Apache (APA), Anadarko (APC) and XTO Energy (XTO), which he owns for his charitable trust, Action Alerts PLUS.

People owning UPL also tend to own: MTXXRSHRTKUNHUSGCRSALNY

TheStreet.com Rating: C- What is this?

  • +
  • APA
    Apache Cp
  • $97.72
  • +2.56%
  • $96.24

The oil umbrella will also carry the natural gas stocks. Cramer likes Ultra Petroleum (UPL), Apache (APA), Anadarko (APC) and XTO Energy (XTO), which he owns for his charitable trust, Action Alerts PLUS.

People owning APA also tend to own: AMGNBACCCOPCVXDOWDRE

TheStreet.com Rating: C+ What is this?

  • +
  • XTO
    Xto Energy Inc
  • $42.93
  • +1.15%
  • $42.72

The oil umbrella will also carry the natural gas stocks. Cramer likes Ultra Petroleum (UPL), Apache (APA), Anadarko (APC) and XTO Energy (XTO), which he owns for his charitable trust, Action Alerts PLUS.

People owning XTO also tend to own: AAPLAPAAUYBPCCMECOP

TheStreet.com Rating: B What is this?

  • +
  • ACI
    Arch Coal Inc
  • $20.80
  • -0.29%
  • $21.30

Cramer also says coal stocks such as Arch Coal (ACI) and Peabody Energy (BTU) will work well.

People owning ACI also tend to own: AAPLAEMCOPERFGOOGHALNE

TheStreet.com Rating: C What is this?

  • +
  • BTU
    Peabody Energy Co
  • $45.16
  • +1.57%
  • $45.26

Cramer also says coal stocks such as Arch Coal (ACI) and Peabody Energy (BTU) will work well.

People owning BTU also tend to own: AAPLBRCMCCJCNQCTRPGGGOOG

TheStreet.com Rating: B- What is this?

  • +
  • CSX
    C S X Cp
  • $48.82
  • +2.82%
  • $47.86

Cramer says the oil umbrella extends to rail stocks like CSX (CSX).

People owning CSX also tend to own: AEPAMPAOCCAGEIXFGNW

TheStreet.com Rating: B- What is this?

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