Cramer's Stop Trading! The Middle East Crisis Is Not So Bad for Schlumberger (3/28/11)

 |  Includes: AIQUF, APD, CMG, COP, LULU, SLB, WFM
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV segment, Monday March 28.

ConocoPhillips (NYSE:COP), Schlumberger (NYSE:SLB), Airgas (ARG), Air Products (NYSE:APD), Lululemon (NASDAQ:LULU), Chipotle (NYSE:CMG), Whole Foods (WFMI)

Natural gas stocks are rallying on ConocoPhillips' (COP) comments about exporting natural gas. Cramer thinks natural gas is the fuel of the future for every country but America "which is a coal driven country that burns food in the form of ethanol." In the wake of the Japanese nuclear disaster, many countries will switch to natural gas.

Schlumberger (SLB) said the Middle East crisis is only costing the company less than ten cents per share. "I was expecting 18 or 20," said Cramer. "That group is going nuts...because SLB quantified how bad the Middle East was for them...and it wasn't so bad."

Airgas (ARG) is proving that it did the right thing by "just saying no" to Air Products' (APD) bid of $70. Turning down the deal "was not a ripoff for shareholders."

Whole Foods (WFMI), Lululemon (LULU) and Chipotle (CMG) are companies that prove they can "do well by doing good," and are a great tell on the environmental and health-conscious affluent consumers.


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