CNBC Investing Club: Cramer’s Morning Take on Chevron 3/26/26

SPEAKER_1 (0:00)

This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab. Join host Keith Lansford for this information-packed daily market preview delivered in 10 minutes or less, including projected stock updates, monetary policy decisions, and key results and statistics that may impact your trading. Download the latest episode and subscribe at schwab.com/marketupdatepodcast, or find Schwab Market Update wherever you get your podcasts.

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Jim Cramer (1:02)

Jim Cramer here to share a short preview of my take on the market from today's members-only CNBC Investing Club morning meeting. Join the club for full access to the morning meeting every day at 10 20 a.m. Visit cnbc.com/morningtake to sign up today. That's one word, morning take.

Okay, so today we have one of those days, I talked about the denial that we have on Wall Street, which is that there could be anything good happening. We had the Dow turn. That does not mean that Nvidia is going to turn, but I'm just saying that we can't take the view that when the oil price is down, get out. That won't work. The trading philosophy is a loser.

SPEAKER_5 (1:47)

Yeah, but we are still stuck in this market where we're just subject to whatever the headlines are on trade. Maybe there is a sign that they at least are talking shortly before we came down, call it 10 minutes ago. Iran media said they've responded to the US 15-point plan.

Jim Cramer (2:07)

But you raised a very good point before you mentioned that, which is that you can't really trust, you don't trust anything because yesterday they said they were not talking. Today they're talking but they don't like what they said. I mean, so I asked between our president and Iran, can I just say Iran, they're the liars. Okay.

SPEAKER_5 (2:26)

Yeah, no, of course. Mark, it's still worried though, will we see troops in the Middle East over the weekend?

Jim Cramer (2:33)

I am too because of the drone factor. We saw what happened in Ukraine.

SPEAKER_5 (2:36)

Something to be mindful of, of course, and in the backdrop. But yes, you mentioned oil higher. 93, 92 was, call it 94, maybe earlier this morning. So a little bit lower.

Jim Cramer (2:47)

Watch Chevron, that's the one that tells you ahead of where the futures are going.

SPEAKER_5 (2:52)

So, so what do you mean by that?

Jim Cramer (2:53)

So if Chevron is up, Chevron was ticked down and then the futures ticked down. The Chevron has been lead indicator the whole way. Remember, Mike Worth believes that Chevron is very undervalued. I tend to agree with him. It still has a 3.5%.

SPEAKER_5 (3:10)

By the way, after yesterday's gain, Oscillator moves out of oversold, minus 3.33.

Jim Cramer (3:17)

Makes it hard to buy. And you know I was going to challenge you to be able to figure out what we should buy at our meeting tomorrow. I may switch directions and say, listen, I have some ideas that are up a lot that maybe we have to trim.

SPEAKER_6 (3:32)

All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates and may have been previously disseminated by Cramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. To view the full CNBC Investing Club disclaimer, please visit cnbc.com/investingclubdisclaimer.

SPEAKER_1 (4:04)

This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab. Join host Keith Lansford for this information-packed daily market preview delivered in 10 minutes or less, including projected stock updates, monetary policy decisions, and key results and statistics that may impact your trading. Download the latest episode and subscribe at schwab.com/marketupdatepodcast, or find Schwab Market Update wherever you get your podcasts.