In today’s Wall Street Confidential video on TheStreet.com, Cramer said the standoff in Iran should keep oil prices higher. The higher oil prices may reignite the earnings in the sector. Cramer thinks that Iran is trying to show that it thinks it can do whatever it wants and he thinks the global tensions will put in a floor in oil. He also thinks this is a good story for gold.
He noted Yamana (AUY) and Halliburton (HAL) in the gold and oil sectors, but those were the only two stocks noted today in what is a very broad issue.
Jon C. Ogg
March 26, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.