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Oil's Drop Hurts the Wrong Stocks, for Now

By Jim Cramer

 About this article:
 The oil trap. Doesn't stop. Just crushes us. Now it is crushing the wrong stuff. We are having the companies that do well with lower oil getting hit as hard as oil! It's getting a little preposterous. I watch Nike as a great discretionary play, and it's going down with oil. So is Coach. So is Best Buy, but at least that can be explained away by saying that the company reported a bad quarter. But how about Darden Restaurants? That was the single biggest beneficiary the last time around. In this kind of world where the correlations, which are all pretty nutty, take hold and knock down the wrong stocks, you have to come down, again, to price, just price. We are too high, still. We still have not reached the level where we can separate data and make judgments on companies as individual companies. We...

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