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Oil Has Bottomed, Wait For Pullback Now in EOG Resources: Cramer

July 16, 2023
in Trade Tube
Reading Time: 1 min read
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Jim Cramer answers viewers’ Twitter (TWTR) questions from the floor of the New York Stock Exchange. Ahead of Tesla’s (TSLA) expected product announcement on Thursday, Cramer weighs in on the stock which he calls not only ‘cold’ but ‘overvalued.’ At this point, Cramer says he can’t find a metric that makes him believe the stock is inexpensive, so he can’t recommend it. There is opportunity, however, with Under Armour (UA). When one viewer asks if Under Armour presents a buying opportunity below $80, Cramer reveals how to best play the stock. He also weighs in on oil prices, which he says have bottomed, and what that means for stocks like American Airlines (AAL) and EOG Resources (EOG).

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