“I think you’ve got to use this rare opportunity to buy a best-of-breed stock on weakness,” the “Mad Money” host said Wednesday.
in its latest quarter, which Cramer said dragged down the rest of the industry's companies, including Halliburton.Here are some of Cramer's key takeaways from Halliburton's quarterly results and earnings call.
"The one thing that's worried me here is that, even though the crude price has skyrocketed, domestic oil producers have been very disciplined about putting new money to work. … But the industry can only be so disciplined with oil at over a hundred bucks a barrel," Cramer said."That is fabulous for Halliburton, because these short-cycle projects are like bread and butter," he said.
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