We recently published a list of Jim Cramer Is Talking About These 10 Stocks Heading Into December. In this article, we are going to take a look at where Enbridge Inc (NYSE:ENB) stands against other stocks Jim Cramer is talking about as heading into December.
Jim Cramer in a recent program talked about President-elect Donald Trump’s Treasury pick and highlighted his enthusiasm for the stock market.
“On the other hand, President Trump was all about Nielsen ratings when he was on The Apprentice, and as president, he repeatedly said, The Dow Jones Industrial Average all-time high, and the S&P 500 were his new Nielsen ratings. He likes being rated, he likes to win, and he wants that stock market to go up to ratify his performance. That’s a big reason why the market exploded higher when he won.”
Cramer also discussed Trump’s Treasury pick Scott Bessent’s possible 3-3-3 plan that calls for bringing the budget deficit down to 3% of GDP, 3% growth and producing 3 million barrels of oil per day.
Jim Cramer said he is skeptical about Elon Musk’s efficiency plans in the upcoming Trump administration.
“Can there be a legitimate top-to-bottom change in the efficiency of our government and its associated costs? Count me as a skeptic about any attempt to change the government, including Elon Musk and Vivek Ramaswamy’s Doge thing, because every penny of spending in the budget has a constituency. When you add all those proposed cutbacks together, you face tremendous opposition. But that’s not the point. What matters is that this Treasury Secretary-designate is a serious person.”
READ ALSO Jim Cramer’s Latest Lightning Round: 11 Stocks to Watch and Jim Cramer on AMD and Other Stocks
For this article we watched several latest programs of Jim Cramer and picked 10 stocks he is talking about. With each stock we have mentioned its hedge fund sentiment. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A close-up of renewable energy turbines capturing the power of a windy sky.
Enbridge Inc (NYSE:ENB)
Number of Hedge Fund Investors: 26
While talking about energy stocks that can benefit under the upcoming Trump administration, Jim Cramer named Enbridge Inc (NYSE:ENB) and said:
“The Canadian company that transports nearly 20% of the natural gas consumed in the U.S. and also operates North America’s largest natural gas utility by volume, serving customers in Ontario, Northeast Ohio, Utah, and North Carolina. For the pipeline business, Enbridge Inc (NYSE:ENB) is very strategically located, as it’s connecting the Gulf Coast to the Eastern Midwest, meaning the Appalachian Basin. They actually are in the Gulf King, okay? They also go across the Northeast, and they can get natural gas where it needs to go. Their system is just incredible.
Enbridge Inc (NYSE:ENB) has taken off in the back half of the year, rallying 22% since the end of June. Even after that move, though, the stock supports a bountiful 6.1% yield. It’s one of the safest dividends around, totally covered by the cash flow. We’ve been with it the whole way for years now and have been able to get that juicy yield.”
Enbridge Inc (NYSE:ENB) has been growing its dividends consistently over the past 29 years. Enbridge Inc (NYSE:ENB) is also seen as an indirect AI play since companies are set to spend a fortune on power and energy solutions to meet data center-driven demand. Enbridge Inc (NYSE:ENB) is positioned well to benefit from this since it’s one of the largest natural gas utility companies and one of the largest pipeline companies in North America. Enbridge Inc (NYSE:ENB) bought three natural gas utilities from Dominion Energy, Inc. (D), which serves 3 million people across Ohio, Utah, Wyoming, Idaho, and North Carolina. With this acquisition, ENB’s utility segment now serves over 6 million customers in North America.
Overall, ENB ranks 9th on our list of stocks Jim Cramer is talking about as heading into December. While we acknowledge the potential of ENB, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than ENB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock
Disclosure: None. This article is originally published at Insider Monkey.