Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. ConocoPhillips , Marathon Oil : Conoco shares fell 3% after the company said it planned to buy Marathon Oil in a deal $17.1 billion all-stock transaction. "Conoco is a very, very good company," Jim Cramer said, though he wondered whether U.S. antitrust regulators may heavily scrutinize the tie-up. "This deal makes a ton of sense, but I would buy Conoco over Marathon here.
"Abercrombie just continues to beat, and there's a 10% short position. Now, why? Everyone thinks it can't last. It's up a lot," Cramer said. "Now, the can't-last theory is so stupid because what that says is, without doing any work, that stock can't be up 100%. If you do work, you realize that these guys are taking share in the mall. The person, Fran Horowitz, who runs the company, she's just fantastic.