Cramer Thinks Marathon (MRO) Has Already Bottomed

Cramer introduced a new segment, called "Off The Charts", to his Mad Money show last night. With traders -- in contrast to investors -- dominating this market, Cramer made a little room on his CNBC show for technical analysis of a company's stock chart. Cramer debuted the segment with shares of Marathon Oil (NYSE: MRO), a stock he called "twice-blessed", meaning it not only has a solid chart, but improving fundamentals.

Cramer pointed out that Marathon has been one of the most disappointing stocks in the integrated oil and gas industry, down 43% from last year. Elsewhere in the sector, ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) were down only 7.2% and 15.9%, respectively, year-over-year.

Jim believes shares of Marathon have bottomed, however, and noted the stocks 42% climb since the November 20th low, all while crude oil slid.

On a fundamental basis, Cramer likes the fact that Marathon is involved in both refining and producer. He mentions that refiners generally see higher profits as crude oil prices fall, leading to wider margins. Further, Cramer believes Marathon could be planning to split its two major branches into separate companies. Jim calls this "a classic case of the parts being worth more than the whole."

Shares of Marathon are currently up 3.9% to $27.52.

You May Also Be Interested In

• Piper Sandler Assumes OceanFirst Financial (OCFC) at Neutral
• Berenberg Upgrades Rolls-Royce Holdings Plc. (RR:LN) (RYCEY) to Buy
• World Bank lowers 2026 global growth forecast to 2.5%