Jim Cramer Says 'Keep Owning' This Energy Stock, Abbott Laboratories 'Legal Stuff' Is Behind Them

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Occidental Petroleum OXY is one of his “least favorite oils.”

On Monday, UBS analyst Josh Silverstein maintained Occidental Petroleum with a Neutral and lowered the price target from $58 to $51, while Wells Fargo analyst Roger Read maintained the stock with an Equal-Weight and cut the price target from $56 to $53.

“I think it's a very good situation,” Cramer said when asked about The Cooper Companies, Inc. COO.

See Also: Jim Cramer Recommends Buying Ethereum Or Bitcoin Instead Of This Stock: ‘Let’s Not Fool Around

Archer Aviation Inc. ACHR is the “ultimate speculative, and as long as you know that, then I'm absolutely fine with it,” Cramer said.

Cramer recommended to keep owning Energy Transfer LP ET and also recommended buying more in case it goes down.

The Mad Money host said he likes Abbott Laboratories ABT. “I think that their legal stuff is really largely behind them,” he added.

When asked about Kinder Morgan, Inc. KMI, he said, “It's a good situation.”

As for Advanced Drainage Systems, Inc. WMS, the company “missed the numbers by a mile,” Cramer said. “And when I see that, that often means that the next numbers' going to be missed too. So let's be careful there.”

Price Action:

• Occidental Petroleum shares fell 0.9% to settle at $48.05 on Tuesday.
• Cooper Companies shares fell 0.2% to close at $99.08.
• Energy Transfer shares slipped 0.5% to settle at $18.74 on Tuesday.
• Abbott shares gained 0.5% to $115.50 on Tuesday.
• Kinder Morgan shares fell 0.8% to close at $26.89 on Tuesday.
• Advanced Drainage Systems shares fell 1.7% to settle at $128.24 during the session.
• Archer Aviation shares slipped 1.3% to close at $7.72 on Tuesday.

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