Jim Cramer Says MLPs are the Spinoff of What Draghi is Doing
Jim Cramer says look for high-yielding securities in Master Limited Partnerships.
European Central Bank chief Mario Draghi announced fresh stimulus measures Thursday which include lowering a key interest rate as well as a bond-buying program, all in an effort to boost the eurozone's flagging economy. The result, Jim Cramer says, is it will keep the world's rates lower which is bad for savers but great for people looking for buys such as Kinder Morgan. Cramer says you need yield and the key is finding yield without reaching for risk. Cramer says look to Master Limited Partnerships like Boardwalk Pipeline Partners which is going to be raising the dividend and utility companies like Dominion Resources.
