(NYSE:EPD) is trading at a TTM PE ratio of 10.20 and is offering a forward dividend yield of 7.73%. (NYSE:ET).Īs of March 28, Enterprise Products Partners L.P. (NYSE:ET) is offering a higher yield than his preference, he still prefers Enterprise Products Partners L.P. Cramer noted that while Energy Transfer L.P. (NYSE:EPD) to one of his callers over Energy Transfer L.P. In one of his recent episodes, Jim Cramer recommended Enterprise Products Partners L.P. (NYSE:EPD) with an Outperform rating and a $31 price target. On March 2, Scotiabank analyst Tristan Richardson started coverage of Enterprise Products Partners L.P. The hedge fund sentiment for the stock is positive. These funds disclosed positions worth $242.4 million in the company, up from $221.6 million in the previous quarter when 21 hedge funds held stakes in the company. (NYSE: EPD)Īt the end of Q4 2022, Enterprise Products Partners L.P. These funds disclosed collective stakes worth $846.7 million in the company.Īs of December 31, Citadel Investment Group is the top shareholder in M&T Bank Corporation (NYSE:MTB) and has disclosed a position worth $298.4 million. M&T Bank Corporation (NYSE:MTB) was spotted on 42 investors' portfolios at the end of Q4 2022. M&T Bank Corporation (NYSE:MTB) is placed tenth on our list of the best cheap stocks to buy now according to Jim Cramer. On March 27, Citi analyst Keith Horowitz upgraded M&T Bank Corporation (NYSE:MTB) to Buy from Neutral and revised his price target on the stock to $155 from $178. Jim Cramer likes M&T Bank Corporation (NYSE:MTB) and said that it is a "very good bank" in one of his lightning rounds. M&T Bank Corporation (NYSE: MTB)Īs of March 28, M&T Bank Corporation (NYSE:MTB) is trading at a PE multiple of 10x and is offering a forward dividend yield of 4.41%. 10 Cheap Jim Cramer Stocks to Buy Now 10. We have also mentioned the hedge fund sentiment for each stock, which was sourced from Insider Monkey's proprietary database of over 900 elite money managers. We narrowed down our selection to stocks that had a TTM PE ratio of less than 15, as of March 28, and listed them in descending order of this metric. We noted down every stock Jim Cramer recommended buying and sourced their trailing twelve-month price-to-earnings ratios from Yahoo Finance. To come up with the best cheap stocks to buy now according to Jim Cramer, we watched Mad Money episodes aired over the past 2 weeks. The key takeaway for investors according to Cramer is that "the initial reaction of the Fed's rate hikes has been wrong, every time, over the past year". While the pattern is noteworthy, Jim Cramer thinks that it is "dangerous to predict we're going to rally over the next 3 months", especially amid the banking crisis. Cramer thinks that "the initial move is almost always a head fake". This has held true for 7 out of 8 times over the Fed's hiking cycle, that began in March 2022. Cramer's analysis shows that the initial 3-day move of the markets, after the Fed's rate hike, reverses in the following 3 months. He defined this as the baseline and pointed out that out of 9 times the Fed has raised interest rates, 7 times the S&P 500 exhibited a bigger move than its intraday average. Cramer noted that before the March 2022 rate hike, the intraday average movement of the S&P 500 in either direction was 1.15%. Cramer thinks that this pattern can be insightful and can potentially guide the direction of the market in the near-term. Cramer noted that though the Fed is suggesting moving interest rates higher than the current level, the Fed funds futures indicate 8 cuts by the back half of 2023.Ĭramer pointed out an interesting pattern that the markets have followed over the past year after every FOMC meeting since March 2022. Cramer was expecting a quarter-point rate hike from the Fed, however, he thinks that the Fed "was a bit more hawkish" than he anticipated in light of the banking crisis. On March 25, Mad Money host Jim Cramer weighed in on this move by the Fed and what he sees for the markets ahead. On March 22, the Fed raised interest rates by 25 basis points, in-line with market consensus. "The Initial Move Is Almost Always A Head Fake" If you want to explore similar stocks, you can also take a look at 5 Cheap Jim Cramer Stocks to Buy Now. In this article, we will discuss the 10 cheap stocks to buy now according to Jim Cramer.
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