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Jim Cramer Shares His Thoughts On Chevron, 3D Systems And AK Steel

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Jim Cramer said on CNBC's Mad Money that he would wait for Chevron Corporation (NYSE: CVX) to report earnings before buying the stock. He is concerned that there are still some uninformed people who are going to have to cut estimates for the company. This should hurt the stock and create a buying opportunity.

Cramer said to not buy 3D printing stocks and noted a Jefferies downgrade and price target lowering from $42 to $30 on 3D Systems Corporation (NYSE: DDD) on Tuesday.

AK Steel Holding Corporation (NYSE: AKS) traded higher on better-than-expected earnings on Tuesday, but Cramer wouldn't recommend a long position in the name because the sector is hurt by the problems in the energy space.

Posted-In: Mad MoneyCNBC Jim Cramer Media Trading Ideas

 

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