Cramer: Don't Sell on This Rumor
Stop selling master limited partnerships based on “chatter” about a change in taxes, Cramer said Wednesday.
The “Mad Money” host was referring to speculation that some of the best MLPs, like Kinder Morgan Energy , will be taxed as corporations. Investors who are selling MLPs on the news are "making a mistake," Cramer said. After all, he doesn't expect any changes to the tax structure.
Another sector on Cramer’s radar was natural gas.
“No one’s really making a lot on natural gas except for the companies that do the clean up on natural gas and do the possible export of natural gas,” he said, adding he's bullish on Chart Industries for transportation, as well as waste management company Clean Harbors .
Cramer also tackled the private label market, telling home gamers to steer clear of two stocks. He recommended investors avoid Supervalu , which unveiled a new store brand on Tuesday. ConAgra Foods is getting attention for attempting to buy Ralcorp Holdings , but Cramer cautioned that CAG is a "slow growth" stock.
For those looking to buy store brand stocks, Cramer suggests Perrigo or Treehouse Foods , who have been “making fortunes producing knockoffs for everybody.”
Call Cramer: 1-800-743-CNBC
Questions for Cramer? firstname.lastname@example.org
Questions, comments, suggestions for the Mad Money website? email@example.com