Jim Cramer Advises His Viewers On Enbridge, Valeant And Ferrari

Jim Cramer said on CNBC's "Mad Money" that he would hold a long position in Enbridge Inc (USA) ENB. It has a good dividend yield and it's the best in what it does, explained Cramer. He would sit tight, collect the dividends and reinvest them.

Valeant Pharmaceuticals Intl Inc VRX isn't going up overnight, but it could trade to $16, believes Cramer.

Ferrari NV RACE has already traded higher, but Cramer thinks that it's not that expensive.