Jim Cramer Discuses Halliburton's (HAL) Infrastructure Business

We recently published 11 Stocks on Jim Cramer’s Radar.  Halliburton Company (NYSE:HAL) is one of the stocks on Jim Cramer's radar.

Oil and gas exploration equipment provider Halliburton Company (NYSE:HAL)’s shares, like those of its peer SLB, have also performed well recently. They are up by 28.8% over the past year and by 13% year-to-date. Stifel raised the firm’s share price target to $35 from $32 and kept a Buy rating on the shares. The financial firm outlined that Halliburton Company (NYSE:HAL) was the US leader when it came to establishing new wells for production. It added that while US profitability was an important driver for the company, international activity and pricing could also generate tailwinds. Earlier in January, Susquehanna had also discussed Halliburton Company (NYSE:HAL)’s shares. The firm had raised the share price target to $36 from $29 and kept a Positive rating on the stock. It pointed out that the oil and gas equipment provider could end up benefiting from solid drilling activity in the US. Cramer also mentioned oil refining as he discussed Halliburton Company (NYSE:HAL):

“Halliburton really showed you the value of their infrastructure business. This is the refiner’s dream come true here.”

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.