Stock market today with Jim Cramer: which oil stocks to buy

U.S. stocks faltered on Monday, bond yields rose and oil hit its highest level in nearly three years, as investors bet on another economic reopening but remained concerned about supply chain disruptions.

Jim Cramer and Jeff Marks, senior portfolio analyst at TheStreet, spoke about his top picks in oil and infrastructure stocks.

Choosing Oil Stocks: Chevron “Is Still Cheap”

Global energy prices soared on Monday, with oil reaching a three-year high as a looming energy crisis spreads from China to Europe.

Cramer says Chevron (CVX) – Get the report from Chevron Corporation, Devon Energy (DVN) – Get the Devon Energy Corporation report, Pioneer of natural resources (PXD) – Get the report from Pioneer Natural Resources Company, Diamondback Energy (CROC) – Get the Diamondback Energy, Inc., Tellurian (TELL) – Get the report from Tellurian Inc. and ConocoPhilips (COP) – Get the ConocoPhillips report were some of his picks for oil stocks on Monday’s market.

“Chevron, for a large-cap oil stock and a dividend, is still cheap,” he said. “I think of the world of Pioneer. Devon is my # 1 name. I think it’s amazing how Devon does. The speculative is tellurian, [a] Name at $ 3. It is important that people have a speculative name. … Conoco has made this incredible deal with Royal Dutch. (RDS.A) – Get a Class A ADR report sponsored by Royal Dutch Shell Plc (RDS.B) – Get the Class B ADR report sponsored by Royal Dutch Shell Plc This will give them enormous leverage. And I think of Diamondback because they now have the discipline. Devon will have an incredible dividend because they are doing a hybrid dividend. “

As OPEC + Production and Oil Demand Evolves, Traders Turn to Micro Futures

Infrastructure shares to buy

House Speaker Nancy Pelosi on Thursday set a floor vote on the $ 1 trillion bipartisan infrastructure bill. She had said that the vote would only take place if she had the votes to pass it.

Cramer said buy Nucor (NAKED) – Get the report from Nucor Corporation “Aggressively” because it’s all systems: go for infrastructure. Brands mentioned Martin Marietta (MLM) – Get the report from Martin Marietta Materials, Inc. (MLM) as a Cramer favorite. And Cramer also mentioned Cleveland-Cliffs (FCF) – Get the Cleveland-Cliffs Inc report: “Sells twice the profits.”

Nucor is a key stake in Jim Cramer’s Action Alerts PLUS Investment Club. Want to be alerted before Cramer adds or removes stocks from the portfolio? Find out more now.

Steve R. Hansen

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