Halliburton and El Paso Rise On Cramer’s Bullish Comments

The Dow Jones industrial average fell 32 points on Monday as investors took profits after the bull rally of the last four weeks. While Jim Cramer exercised a note of caution in Friday’s Mad Money show, his bullish comments on Halliburton and El Paso helped boost both stocks on Monday. 

Halliburton (HAL: 30.3275 -3.97%) jumped 3.0% after Cramer said he couldn’t believe how well the stock has performed following their recent earnings announcement. Cramer is bullish on both oil and natural gas, and he believes the rising prices of those commodities will be positive for Halliburton. “I want to buy Halliburton, not sell”, said Cramer. 

Another energy stock that got a lift from the “Cramer effect” was El Paso (EP: 11.06 -0.72%). The stock was up 2.6% on Monday after Cramer said he loved El Paso’s recent quarterly performance and feels like he has to recommend the stock. “You have got to have horse sense… that stock is headed up big”, said Cramer. 

ON Semiconductor (ONNN: 7.84 -1.51%) got some nice exposure on Friday’s show with CEO Keith Jackson back on the Mad Money show discussing his company’s strong earnings report. ON Semiconductor is seeing increasing demand for its power-control chips and Cramer remains bullish on the stock. Investors lifted the bullish stock pick up 1.5% in Monday’s trading session. 

Other Cramer stock picks: 

IES-BFC (BIN: 17.56 -2.98%) gained 1.4% – Cramer rates the Canadian waste management company as a buy and believes it has room to grow.

Patriot Coal (PCX: 19.32 -4.50%) rose 2.1% – The stock rose despite the fact that Cramer expects the stock to take a breather.

Radian Group (RDN: 11.305 -3.46%) jumped 5.4% – Cramer was bearish on the stock because it is a short squeeze.