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Jim Cramer said on
CNBC's Mad Money that
Energy Transfer Partners LPETP can cover its dividend, but he is not sure that it is going to do so after what happened with
Kinder Morgan IncKMI. He thinks that it will cover it, but he doesn't know any more. Cramer added that this is the worst oil market in years and the environment is very unsafe.
Cramer doesn't want to get involved with
Valeant Pharmaceuticals Intl IncVRX, because great major pharmaceutical stocks are going down and this stock is not in their league. He might consider buying the stock if it drops to 70s.
There is no doubt in Cramer's mind that
Orbital ATK IncOA is doing better than almost any company today. He feels that the defense sector is the number one sector in the market, but that doesn't matter, because all stocks are going down at the moment. He added that it won't always be like that and soon the market is going to focus on positive things about
Orbital ATK Inc.
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