On CNBC’s Mad Money, Cramer discussed stocks to buy on cheaper oil. He said it was “moronic” that fund managers sell off stocks when oil is cheap because many sectors benefit from low oil prices. Restaurant stocks like Chipotle Mexican Grill (CMG) and Panera Bread (PNRA) are good stocks to buy, especially since they are restaurants that perform well.
Airlines, which consume a lot of oil, will do well if oil is cheap. Cramer likes Spirit Airlines (SAVE) and American Airlines (AAL).
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