With Donald Trump's election into the White House, Jim Cramer is on the hunt for money managers' plays under the new leadership. He has his eye on the oil patch.
With Trump in the White House and the Republicans controlling Congress, many investors expect less regulation. This was clear from the rotation into bank and drug stocks this week, and Cramer expects the oil industry to be the next group to be picked up.
"With a Trump presidency on the horizon, I expect the oil industry to benefit from a wave of deregulation," the "Mad Money" host said.
Cramer focused on the exploration and production companies that could still survive with the price of crude in the low $40s. His top pick was EOG Resources, which is one of the largest independent oil companies in the patch.
"The thing that really sets EOG apart, though, is that it still has an ambitious agenda to increase its production, which makes this stock the best growth play in the oil patch," Cramer said.