TheStreet's Jim Cramer says WPX Energy (WPX) is a company that might be worth buying on spec. Cramer likes what the company has done with asset sales and cost cutting, and said it's a better play than Chesapeake Energy (CHK). Cramer does caution that the market is still flooded with oil. Cramer is portfolio manager of the Action Alerts PLUS, which owns Occidental (OXY). Cramer likes the stock because it pays a dividend, and he also likes Exxon (XOM) and Chevron (CVX), and Schlumberger (SLB). But Cramer said you must be careful owning even those stocks if the short squeeze in oil ends. He also discussed the impact of equity offerings from energy companies like Newfield Exploration (NFX). TheStreet's Rhonda Schaffler has details from the New York Stock Exchange.
More from Video
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Breaking down an approach to the long side of this biotech stock.
AMSC CEO discusses that and China challenges.