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Jim Cramer — Schlumberger's Next Move Could Tell All

Schlumberger (SLB - Get Report) has appeared squarely in the driver's seat ahead of the downturn in oil prices. And now with a $35 billion merger between Baker Hughes (BHI - Get Report) and Halliburton (HAL - Get Report) potentially fizzling, Jim Cramer says it's important to follow the company's next moves to anticipate what's ahead in the market.

"That's what you want to listen to," says Cramer, TheStreet's founder and manager of the Action Alerts PLUS portfolio, which owns Schlumberger. "They were the first to cut back: They...