Jim Cramer Discussed 12 Stocks and Macroeconomic Conditions

4. Enterprise Products Partners LP (NYSE:EPD)

Number of Hedge Fund Holders: 26

Enterprise Products Partners LP (NYSE:EPD) is one of the stocks Jim Cramer discussed along with macroeconomic conditions. Cramer highlighted the company while suggesting pipeline and similar companies for energy exposure. He stated:

“For the energy stocks, I asked if industry’s discipline would remain once a new Drill, Baby, Drill era began with the return of the Trump administration, and the answer is no. They couldn’t stay disciplined. As I predicted, domestic crude oil production is up. Domestic natural gas production is up, and shares of most oil and gas producers are therefore down, some of them down big. If you want energy exposure, I suggest the pipelines and similar infrastructure plays. Here I’m talking about something like ONEOK, Enterprise Product, basically anything that’s not levered to actual energy prices.”

Enterprise Products Partners LP (NYSE:EPD) provides midstream energy services, including the transportation, storage, processing, and marketing of natural gas, crude oil, natural gas liquids, and refined products. A caller inquired about the stock during the December 12 episode and the Mad Money host replied:

“My favorite in that group… is Enterprise Products Partners. I like EPD. 6.7% yield, growing really, really well, understands natural gas liquids. That’s your company. That’s the one you want to be in.”