Schlumberger Limited (SLB)'s Having A Hard Time, Says Jim Cramer

We recently published 10 Stocks On Jim Cramer’s Mind As He Discussed A “Weird Number”. Schlumberger Limited (NYSE:SLB) is one of the stocks Jim Cramer recently discussed.

Schlumberger Limited (NYSE:SLB) is one of the biggest oil and gas equipment providers in the world. Its shares have lost 8% year-to-date as they have yet to recover from the devastating 24% dip in April after President Trump announced his Liberation Day tariffs. However, Schlumberger Limited (NYSE:SLB)’s shares have gained 4.5% over the past month as the firm has benefited from a robust second-quarter earnings report, which saw its $8.6 billion in revenue and $0.74 in earnings beat analyst estimates of $7.3 billion and $0.72.Cramer discussed Schlumberger Limited (NYSE:SLB) in the context of the oil industry and oil prices:

“But not as many as you would think. I mean, look, oil and gas, you would think that would be terrible with oil in the 60s, they’re doing pretty well. Well, Schlumberger [has] a hard time. . .But then, out of nowhere, you get this LNG deal. And you say, wow, I mean there’s an industry that’s got customers for the rest of its duration.”

Previously, Cramer was quite bearish on Schlumberger Limited (NYSE:SLB) as he advised a viewer to simply keep watching the stock:

“Keep watching, no pull trigger. Why? Because I do not like the oil stocks. I don’t need them, don’t want them.”

While we acknowledge the potential of SLB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.