Halliburton Company (HAL)'s Having A Hard Time, Says Jim Cramer

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

Halliburton Company (NYSE:HAL) is a mega oil and gas production equipment provider. The shares have lost 18% year-to-date, as, like its peer Schlumberger, the firm has yet to recover losses after President Trump’s April Liberation Day tariff announcements, which sent Halliburton Company (NYSE:HAL) down by 25%. In his earlier remarks about the firm, Cramer speculated that the stock could bottom at a 3.25% yield. The current yield is 2.99%. In this appearance, the CNBC TV host discussed Halliburton Company (NYSE:HAL) in the context of 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 . .Halliburton [has had] 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.”

Here are Cramer’s earlier remarks about Halliburton Company (NYSE:HAL):

“No, I think Halliburton, look, it’s probably going to bottom at 3 and a quarter yield, but I can’t recommend it because it’s got, it’s domestic drilling, and oil’s come down so much in our country that I think that the president, as much as he went “drill, baby drill”, it’s not happening. It’s not happening. So I can’t encourage you there. I’m sorry, I feel terrible about that, but I can’t.”

While we acknowledge the potential of HAL 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.