Actionable news
All posts from Actionable news
Actionable news in ETE: ENERGY TRANSFER EQUITY L.P.,

Jim Cramer — Pipeline Companies Are Making a Comeback

Williams Companies (WMB) shares are up Wednesday after analysts at Goldman Sachs reiterated a buy rating. They said the pipeline company is likely to cut its dividend, but that is already priced into the stock.

"This is amazing," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment. Under most circumstances, buy a stock ahead of a dividend cut is "rather startling," he said.