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Apr.09
7:55 PM ET
Wednesday, 9 Apr 2008
Lightning Round OT: Valero, CVS and More
Topics:Stock Picks | Stock Market
Companies:Delek US Holdings Inc | CVS Corp | Marathon Oil Corp | Conoco Phillips | Valero Energy Corp
Valero [VLO
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]: Refining margins are “just awful,” Cramer said. Since Valero is a pure refining play, he said he’d rather see investors in a hybrid company like ConocoPhillips [COP
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] or Marathon [MRO
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].
CVS Caremark [CVS
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]: Cramer said he likes CVS at present levels – $36 – and recommends taking profits at $38.
Delek Holdings [DK
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]: Again, Cramer reiterated his calls on COP and MRO. Don’t buy Delek.
Jim's charitable trust owns ConocoPhillips.
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