This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Kinder Morgan Gets Boot, Starwood, Express Scripts, and 3M Are Bought

5/30/15 8:30 AM EDT
Some big changes were made to the Action Alerts PLUS portfolio this week as the position in Kinder Morgan (KMI) was closed and new positions were opened. Jim Cramer and Rhonda Schaffler sat down to discuss these changes. AAP, having started a position in Starwood Hotels (HOT) last week, has added to its position in the leisure business. In the Weekly Roundup, Jim Cramer and Jack Mohr write that 'Our thesis is rooted in our belief that the company is benefiting from a favorable supply/demand dynamic in the U.S. and the organic global growth in travel, which supports its large international exposure long term.' Cramer, in his conversation with Schaffler said that Adam Aron, the current CEO at Starwood Hotels, is making some big changes at Starwood, but whether he decides to split or sell the company, one thing is for certain, 'he’s just not going to sit there. And that is why you’ve got to own it.' Similarly, AAP increased its position in 3M (MMM) to which Cramer attributed to the current CEO, Inge Thulin. In the past AAP has been buying and selling 3M but Cramer says 'those days are done,' citing Thulin’s long term vision and potential for tremendous growth as the reason for his conviction. Cramer says that he views 3M as a 'Warren Buffett stock' in that it is 'a good stock, at a good company, at good prices.' -- Get Cramer's top stocks with Action Alerts PLUS Trade with him FREE for 14-days.
Stocks in this video: OXYKMIHOTMMMESRXETP
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs