Jim Cramer Discussed These 7 Stocks

4. Energy Transfer LP (NYSE:ET)

Number of Hedge Fund Holders: 37

A caller asked if it was smart to buy more of Energy Transfer LP (NYSE:ET) as the stock had a pullback recently. In response, Cramer said:

“Yes. ET is smart. I mean, look, you buy, this is the way you buy ET, just so you know, this is a pipeline company. You, you, you buy it by the percentage yield. So it’s got a 7% yield now, you buy some, 8, you buy some, 9, you buy some. That’s how you buy these stocks and I’m gonna continue to pound that that’s the way to do it.”

Energy Transfer (NYSE:ET) focuses on the transportation of natural gas and crude oil, operating an extensive pipeline network and facilities across Texas, Oklahoma, and other states. After the 2024 election results were announced, Cramer, discussing Trump trades, commented:

“Other than the producers, what works if you’re betting on a natural gas renaissance under Trump… How about a pure play on pipelines? Much easier to build these under a Republican administration. There are plenty of good options here. I’ve been consistently bullish on Energy Transfer and Kinder Morgan, they yield 6.8% and 4.0%, respectively.”