Market Overview

Jim Cramer Gives His Opinion On MLP's


Jim Cramer spoke on CNBC's Mad Money about the recent market actions in the MLP stocks. He thinks that these companies are doing fine and the only reason for the decline in their stock value is a forced liquidation by one or two hedge funds who ran into trouble and has to liquidate.

Cramer named stocks like Williams Partners LP (NYSE: WPZ), Williams Companies Inc (NYSE: WMB), Energy Transfer Partners LP (NYSE: ETP) and Markwest Energy Partners LP(NYSE: MWE) as stable companies with safe dividends and although they might continue to trade lower they trade at cheap valuation.

Traders who are willing and able to take some pain should consider buying MLP's into the weakness, thinks Cramer. He can't say when the selling is going to stop, but he is confident that in couple of months these stocks are going to trade higher.

Posted-In: CNBC Mad Money Jim CramerMedia


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