Jim Cramer's Stop Trading! Buy Utilities
Utilities are a "growth story" that Jim Cramer is "afraid to bet against," he said Wednesday on CNBC's "Stop Trading!" segment.
Cramer and his co-host noted that the Dow Jones Utility index is up 150% over the past four years, barely lagging behind the much-discussed climb in the Shanghai Composite over that period. Cramer, who has brushed off China bubble talk in the past, said February's TXU (TXU) buyout "changed the equation" for the group and named Exelon (EXC) and Dominion (D) as strong players in a group that remains "undervalued." Cramer also sees plenty of candidates for the continuing private-equity takeout boom. He named as "natural targets" Total System (TSS) and its parent Synovus (SNV), noting the involvement of Third Point Capital and Daniel Loeb; insurers Aon (AOC) and Marsh McLennan (MMC), the latter of which Cramer called a "headless horseman" for the poor performance of CEO Michael Cherkasky; Ross Stores (ROST); and Cheesecake Factory (CAKE), which ranks as a favorite of value investor Bob Olstein.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
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