TheStreet’s Jim Cramer says the search for yield has sent investors into utilities stocks, and it’s why Action Alerts PLUS owns American Electric Power (AEP). Cramer said American Electric Power is ‘one of the best.’ But Cramer noted in a Real Money article that in regards to committing new money to the stock, he’d have to believe that 10-year Treasury rates are falling back to 1.65%. Cramer also mentioned First Energy (FE) and Entergy (ETR), which he noted that some investors believe is not well-run – although he believes otherwise. He added that the three best run utility companies are Dominion Resources (D), ConEd (ED) and AEP. Utilities are among six sectors Cramer believes could move higher. Cramer is portfolio manager of Action Alerts PLUS.
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