TheStreet’s Jim Cramer says his Action Alerts PLUS portfolio owns two banks stocks, Wells Fargo (WFC) and Bank of America (BAC), because eventually the Federal Reserve will raise rates and they will benefit from that. The Federal Reserve is meeting on interest rates, but no move is expected Wednesday. Cramer also said he thinks MetLife (MET) is doing a lot of good things but he prefers Chubb (ACE), because it is so well run. Cramer also discussed oil stocks, saying he continues to like Occidental Petroleum (OXY) and added that Enterprise Product Partners (EPD) is the only MLP that he’s interested in right now. He said eventually he’d be interested in EOG Resources (EOG) but said long term, he doesn’t like fossil fuel companies. Cramer also discussed Kraft Heinz (KHC), saying the shares can go much higher. Cramer also commented on E.W. Scripps (SSP), Allergan (AGN) and airline stocks while answering viewer questions. Send your questions to Cramer’s Facebook page or on Twitter, use hashtag Cramer Q.
More from Video
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Breaking down an approach to the long side of this biotech stock.