Jim Cramer says oil is the ‘only dip that can be bought right now’ — here are 3 blue-chip energy stocks that also provide healthy yields as high as 7.8%

TipRanks

Jim Cramer Says Buy Any Dip in Oil Stocks; Here Are 3 Names Analysts Like

Stocks have sold off heavily since the start of this year, with a 14% decline in the S&P 500 and a bearish 22% drop in the NASDAQ. But while the selloff is broad-based, it’s not affecting everything. Oil stocks have proven resistant to the downward trend, buoyed by high prices for crude at the wellhead and gasoline at the pump. And with summer driving season underway to goose demand, and inflation rising steadily, we can expect that the high energy prices will continue for the foreseeable future