We recently published a list of 10 Stocks on Jim Cramer’s Radar Amid Market Volatility. In this article, we are going to take a look at where Occidental Petroleum Corp (NYSE:OXY) stands against other stocks on Jim Cramer’s radar amid market volatility.
Jim Cramer in a latest program on CNBC commented on the reasons behind the recent selloff and said the market correction isn’t always healthy. He continues to believe the key reason behind the latest market drop was President Trump’s volatile tariff policies.
“I think Trump’s core thesis is right, our trading partners have taken advantage of our country for decades and it’s worth trying to set that right, but it’s a very big but, Trump’s approach has been way too erratic, it’s terrified both the stock market and the broader economy, not just the stock market, the broader economy. Most of the substantive tariff news comes in the form of postings on Truth Social, they come fast and furious, they’re incredibly important, they’re incredibly contradictory. These posts involve hundreds of billions of dollars if not trillions of dollars and more importantly hundreds of thousands of jobs, including yours. The Mercurial postings, the scatter shot approach to trade policy is the approximate cause of the correction.”
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For this article we picked 10 stocks Jim Cramer talked about in his programs recently. With each stock, we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Oil derricks in the background with a few workers in the foreground, emphasizing the company’s oil and gas production activities.
Occidental Petroleum Corp (NYSE:OXY)
Number of Hedge Funds Investors: 71
Jim Cramer in a latest program on CNBC said that Occidental Petroleum Corp (NYSE:OXY) is “not a great company” and Warren Buffett owning a stake in the company does not “matter.”
“OXY is not a great company. I know, I know, like Buffett owns it, and that’s just great, but it doesn’t matter. It’s got a lot of debt, and it’s just not that great. And, you know, the fact that he owns it doesn’t make it great. I’m sorry to be, I don’t mean to be like a naysayer, but geez, get a better Royal.”
Overall, OXY ranks 3rd on our list of stocks on Jim Cramer’s radar amid market volatility. While we acknowledge the potential of OXY, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than OXY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
