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Cramer Is Not A Buyer Of IBM And Kayne Anderson MLP, But Likes Kinder Morgan

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On CNBC's Mad Money, Jim Cramer said that he doesn't want to buy International Business Machines Corp. (NYSE: IBM) because its earnings are not good enough for him. He added that people now want to buy stocks that are trading high and not struggling like IBM.

Cramer thinks that Kayne Anderson MLP Investment Co. (NYSE: KYN) is sensitive to the crude oil price and instead of buying this stock, he would rather own Kinder Morgan Inc (NYSE: KMI). It has a low exposure to crude oil and a lot of upside, believes Cramer.

 

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