Cramer's Stop Trading! The Joys of Cheap Oil (12/2/08)

Stocks discussed in Jim Cramer Stop Trading! Mad Money TV program, Monday December 2.

Clorox (CLX), Kimberly-Clark (KMB), Schlumberger (SLB), Exxon Mobil (XOM), Chevron (CVX), VFC Corp (VFC), Macy's (M)

Cramer thinks cheap oil is a good thing and suggests looking at Clorox and Kimberly-Clark which are going to reap the fruits of low raw costs. Not all oil companies are created equal, and Cramer thinks oil exploration stocks will not be hurt as the price of oil goes down. He likes Exxon, Chevron and Schlumberger because of its strong performance in the slowdown of 1982-’85.

Cramer likes "undervalued" stock VFC Corp with its 5% dividend. He would hold Macy's which he predicts will get hit next week on its earnings and recommends buying more then.

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