Cramer's Stop Trading! Getting Excited About Exxon (5/10/10)

by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Program, Monday May 10.

Exxon (NYSE:XOM), XTO Energy (XTO), Chevron (NYSE:CVX), Fannie Mae (FNM), Freddie Mac (FRE), Standard Pacific (SPF)

While Exxon was problematic 6 months ago, "at this level, I'm getting excited," said Cramer. He called the company's purchase of XTO Energy (XTO) "a move of brilliance" which will finally generate growth for Exxon. Investors are punishing natural gas plays right now, but Cramer thinks any bearishness on natural gas is the result of an overly short-term view; “I think people don’t understand how powerful this natural-gas move really is in this country,” Cramer said. However, one drawback to Exxon is it lacks the yield of Chevron (CVX).

Cramer called Fannie Mae (FNM), which is requesting more money from the government, and Freddie Mac (FRE) "catastrophes" but noted news of Fannie's request did not hurt housing play Standard Pacific (SPF).


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