Chevron Corporation (NYSE:CVX) is one of the 11 stocks on Jim Cramer’s radar. The company’s shares saw increased activity after US involvement in Venezuela, prompting a downgrade by Freedom Capital to Sell from Hold. Mizuho reiterated an Outperform rating with a $206 share price target, but Cramer expressed caution due to the correlation between oil prices and equity performance.
Jim Cramer discussed the situation with Chevron (CVX) and the US operation in Venezuela, warning against investing based on speculation. He noted the potential for oil prices to decrease and criticized trades he deemed “stupid.” While CVX has investment potential, Cramer believes certain AI stocks offer better returns with less risk.
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Read more at Yahoo Finance: Jim Cramer Discusses Chevron (CVX) & Venezuela Operation
