Cramer Gives His Opinion About BP And Citigroup

On CNBC's Mad Money, Jim Cramer said that a large dividend yield in BP plc (ADR) BP should not be the reason to buy the stock. Cramer would wait for a move higher in crude oil, before buying BP, but he doesn't believe that significant moves higher are possible at the moment for crude oil.

The problem for Citigroup Inc C are stories that it has more China exposure and people are concerned about that, explained Cramer. He believes that it is overdone, but the chart looks bad. Cramer added that the stock is out of favor and that he must recognize and respect how much the stock is disliked.