TheStreet’s Action Alerts Plus Portfolio Manager and host of CNBC’s ‘Mad Money’ Jim Cramer talked about Exxon (XOM) and Chevron (CVX) Friday from the floor of the New York Stock Exchange. Both companies reported better than expected earnings. Cramer said the earnings benefitted from refining operations, and the stocks have been rising because Exxon and Chevron have reduced their capital expenditures. Cramer added that the companies have figured out what to do in a low oil price environment, but at this point he thinks the stocks are a little too high. One viewer asked about Panera (PNRA), which Cramer said he wants to buy. He noted the last quarter was not good for the company due to increased labor and technology costs, which might keep some investors away. But Cramer said it’s a mistake not to be in the stock, and the company is buying back a huge amount of shares. Cramer was asked if GoPro (GPRO) is a buy on Friday, given its big declined on Thursday. He responded that he continues to be negative on the stock. Send your questions to Jim Cramer on Facebook and Twitter @JimCramer using #CramerQ.
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