Jim Cramer Discusses SLB and Possibility of Oil Price Below $60

SLB N.V. (NYSE:SLB) is one of the stocks in Jim Cramer’s game plan for this week. Cramer ended the week’s game plan with the stock, as he commented:

“We also get results from SLB, the old Schlumberger, and I bet this oil service titan tells it like it is. To me, that means oil, which broke through $60 level, could break down below $60. I think it’s, I mean, I think it could go to $55, and that’s a distinct possibility.”

SLB N.V. (NYSE:SLB) provides technology and services for the energy sector. It offers solutions in field development, hydrocarbon production, carbon management, and energy system integration. The company delivers well construction, reservoir evaluation, drilling, and production optimization technologies. When a caller inquired about its stock during the July 8 episode, Cramer showed a bearish sentiment and said:

“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, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, 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.