Jim Cramer Looked At These 23 Stocks Recently

Page 7 of 22

16. Consolidated Edison, Inc. (NYSE:ED)

Number of Hedge Fund Holders: 44

Consolidated Edison, Inc. (NYSE:ED) was mentioned during the episode, and here’s what Mad Money had to say:

“When interest rates go down, we normally look for utilities, but rates are going higher here. Now it could… mean that people want to profit from a slowdown, if not a recession, by buying companies with consistent earnings. So if they’re buying Consolidated Edison… a purveyor of electricity for the New York metro area as well as number two, Exelon, the name of the utility that encompasses Baltimore Gas and Electric…. Well, what can I say, it’s plain as it gets.”

Consolidated Edison (NYSE:ED) provides regulated electric, gas, and steam services, including electricity supply and the operation of transmission lines, substations, and distribution systems. The company also invests in electric and gas transmission projects.

Page 7 of 22