Jim Cramer Is a Fan of Pipeline Company Magellan Midstream Partners
Jim Cramer has added Magellan Midstream Partners to the charitable trust he manages, and is bullish on pipeline companies.
Magellan Midstream Partners (MMP) - Get Report is one of the latest additions to Jim Cramer's Action Alerts PLUS charitable trust. He says the stock will provide some income for the portfolio. Cramer says pipeline companies have a lot going for them right now, especially since President-elect Trump might look at the energy business more favorably. He thinks the U.S. is "under-pipelined" right now. He also says that Magellan Midstream is "probably one of the best run pipeline company in the country." Cramer serves as portfolio manager of Action Alerts PLUS.
