We recently released a list Jim Cramer Radar 13 shares. In this article, we will explore the position of Chevron (NYSE:CVX) recently on other stocks on Jim Cramer radar.
In Monday's episode of "Crazy Money", Jim Cramer broke the market rally of the day and argued to keep investing even in a time of uncertainty. He pointed out that revenue once again plays an important role in promoting market behavior.
"Returns matter again, okay? That's what happened last night when the U.S. and China reached a temporary agreement to postpone the trade contest's deal. The high tariffs reached a more reasonable level, causing the stock market to explode."
Please read also: 10 Jim Cramer stocks have huge upward potential and Jim Cramer's Thoughts on These 13 Stocks.
He stressed that the rally was not limited to companies directly related to the U.S.-China trade. He called it a "magnificent day for the Bulls." Despite this, Kramer was very excited. He noted that despite the huge gains, the S&P 500 is still basically flat throughout the year. When he welcomed the reversal, he said:
"Don't get me wrong now, I'm glad it happened, but I've just been in Europe for a week and it's amazing how the market is doing better there."
He said he hopes the rebound in U.S. stocks will continue, but warned investors not to ignore other global opportunities. "If we get into trouble again, it's still a real possibility, and don't forget that Europe is also an option," he said, admitting that the European market is already the best performing market so far this year.
"The most important thing is: it's better to stay in, keep moving forward, and let her ride a bike than trying to choose a perfect moment to trade in and out of the stock market. By the way, this is not a strategy. It's not a chicken game without a winner, only losers think they're smarter than the average bear."
In this article, we compiled a list of 13 stocks discussed by Jim Cramer in the episode of Crazy Currency aired on May 12. As of the fourth quarter of 2024, we listed these stocks in order of rising sentiment from their hedge fund, which comes from the Insider Insider Monkey’s database of more than 1,000 hedge funds.
Why are we interested in stocks that hedge funds to accumulate? The reason is simple: Our research shows that we can beat the market by mimicking the top stocks of the best hedge funds. Our strategy for quarterly newsletters selects 14 small and large stocks every quarter, returning 373.4% since May 2014, beating its benchmark by 218 percentage points (See more details here).
A tanker truck passes through the refinery facility. .
Number of hedge fund holders: 81
To point out that the stock has fallen and the company's dividend has fallen, the caller asks if they should add it to the position of Chevron Corporation (NYSE:CVX), which is what Cramer must say:
"I think the answer is yes. Your yield is 4.8%. They return a lot of money to shareholders. I think they did a really bad job. The problem is of course you have to like oil to own Chevron. If you like oil, I think it's a great place...." ”
Chevron (NYSE:CVX) works in the oil and gas industry through exploration, production, refining and transportation. The company produces petrochemicals and is involved in creating renewable fuel sources. TCW Relative Value Large CAP Fund lists the following contents about the company Q3 2024 Investor Letter:
“Chevron Corporation (NYSE:CVX), headquartered in San Ramon, CA, is an integrated energy company. At evolution, the stock had a $273 billion market capitalization and met all five valuation factors, including a robust 4.4% dividend yield. Chevron's planned acquisition of Hess† would yield a strong restructuring catalyst through evolution of duplicate corporate costs and a new markets catalyst through Hess' Guyana's Stabroek oilfield has 30% interest; these blocks are very low supply costs, supporting strong free cash flow for decades, while the Chevrolet Islands recently received permission from Hart(1) Scott-Rodino (HSR) to obtain 2.47% of the company's **) and Chinese state-owned nationals are interested in Hess' interest (ROFR) as Chevron's expected arbitration solution has declined and we think ExxonMobil and CNOOC's ROFR case could be more reasonable than expected for residents. We eliminate the stock's position."
Overall, CVX Ranked fourth Recently, we were recently on the stock of Jim Cramer radar. Although we acknowledge the potential of CVX as an investment, our belief is that AI stocks have greater hope to deliver higher returns and do this in a shorter time frame. AI stocks have risen since the beginning of 2025, while popular AI stocks have lost about 25%. If you are looking for AI stocks that are more promising than CVX but have less than 5 times its earnings, check out our report Cheapest AI stocks.
Read the next article: Buy 20 Best AI Stocks Now and According to the billionaire, there are now 30 best stocks.
Disclosure: None. This article was originally published in Internal monkey.