Investors should consider Anadarko Petroleum because it's "the gift that keeps giving," CNBC's Jim Cramer said Tuesday.
"Even though oil is below $100, Anadarko remains a great situation to own," Cramer said on "Squawk on the Street."
Why is Cramer so bullish on APC right now? There are several reasons actually.
CEO R.A. Walker said Tuesday the oil and gas company has mineral rights to another 8 million acres at an oil-rich shale in the United States, Cramer said. Anadarko already had a major presence at various shale deposits across the U.S., he said.
Meantime, it appears the "huge cloud" of litigation that had long hung over Anadarko has finally cleared, Cramer said.
The energy company could very well be a takeover target, too, he added.
"Look, I think they have tremendous assets. Wouldn't shock me if they sell the company," he said.
Elsewhere in the oil sector, Cramer said Whiting Petroleum is another "very inexpensive stock."
—By CNBC's Drew Sandholm.
DISCLOSURE: When this story was published, Cramer's charitable trust owned Anadarko Petroleum. His charitable trust did not own Whiting Petroleum, though.
All 31 tested banks got good marks in the Fed's annual test, but some stocks will pop more than others, "Fast Money" traders said.
The "Fast Money" traders give their final trades of the day.
Among the retailers to report same-store sales on Thursday, L Brands stood out to a pair of analysts.
The company has seen "tremendous volatility," but still holds promise long term, KKM Financial's Jeff Kilburg said.
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