Jim Cramer Advises His Viewers On Exxon Mobil And Kraft Heinz

Jim Cramer said on CNBC's "Mad Money" that Exxon Mobil Corporation XOM is a good company and crude oil can bounce. He added that he wouldn't own the stock in his charitable trust fund. Cramer believes that in the long term, the oil companies are going to have to diversify in the alternative energy.

Kraft Heinz Co KHC needs to acquire a company in the food sector to fight Amazon.com, Inc. AMZN, explained Cramer. He added that a hostile takeover won't happen, because Warren Buffett doesn't like hostile takeovers.