Jim Cramer - Mad Money Consolidated Edison Holdings ED-N COMMENT Oct 01, 2021

Pays a 4.3% yield but shares are well off its high. It's okay, but he prefers AEP.

Jim Cramer - Mad Money

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Utilities

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SELL

All of the US electrical utilities did very well as interest rates were going down. None are growers and neither is ED. If you are a long term investor and want the dividend only, okay, otherwise exit.

DON'T BUY

Thinks that ultimately interest rates on bonds are going up and will be staying up. This is an income stock, not a growth stock.

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