Cramer's Stocks Spooked By Oil Prices
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Date updated:05-21-2009
"This market sometimes has no idea what it is doing. Our stock market cannot absorb another run to $70 or $80 oil." - Jim Cramer
-
PG
Procter Gamble - $61.04
- +0.94%
- $60.17
Our stock market cannot absorb another run to $70 or $80 oil. The Procter & Gambles (PG) and the Dow Chemicals (DOW) cannot withstand it.
-
DOW
Dow Chemical - $24.80
- -0.40%
- $24.57
Our stock market cannot absorb another run to $70 or $80 oil. The Procter & Gambles (PG) and the Dow Chemicals (DOW) cannot withstand it.
-
DRI
Darden Restaurant - $32.65
- -0.40%
- $32.72
The consumer cannot stand $3 gasoline, as the whole rally in the Darden (DRI)/Brinker (EAT) cohort was on the backs of the lower price of gasoline.
-
EAT
Brinker Intl Inc - $13.53
- -0.07%
- $13.39
The consumer cannot stand $3 gasoline, as the whole rally in the Darden (DRI)/Brinker (EAT) cohort was on the backs of the lower price of gasoline.
-
M
Macy's Inc - $19.18
- +6.44%
- $18.47
We can't lose the Macy's (M) and the Kohl's (KSS) either, and we learned that they are dependent on low, stable gasoline.
-
KSS
Kohls Cp - $56.68
- +1.30%
- $55.68
We can't lose the Macy's (M) and the Kohl's (KSS) either, and we learned that they are dependent on low, stable gasoline.
-
OXY
Occidental Pet - $80.88
- -0.07%
- $80.30
Yet, this market has to have all three -- tech, oil and finance -- go up, and the most important of these remains oil! So we get smashed on Occidental (OXY), Transocean (RIG), Chevron (CVX) and Exxon Mobil (XOM). It's absurd!
-
RIG
Transocean Ltd - $85.40
- -0.50%
- $84.65
Yet, this market has to have all three -- tech, oil and finance -- go up, and the most important of these remains oil! So we get smashed on Occidental (OXY), Transocean (RIG), Chevron (CVX) and Exxon Mobil (XOM). It's absurd!
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