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Contributors: Douglas McIntyre Jon C. Ogg

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Thursday, October 05, 2006

Cramer's MAD MONEY (Oct. 4, 2006): Buy Dividend Names

Last night on Cramer's MAD MONEY, Cramer is going to show 4 dividend payers he thinks you need to own, and also promised to give a bull pick and bear pick.

Cramer said there are certain names to own when the fed starts cutting rates.

These 4 stocks yield 4% or more with "serious upside" as he calls them:

1) Tupperware (TUP): He said it is a boring stock, but it has a chance of a real turnaround and pays 4.5% yield on its dividend. He thinks they'll beat estimates too.

2) Washington Mutual (WM): with its 10-times earnings and 4.8% yield. He thinks any European bank may want to buy it to get into US, and he says "it's a 1-2 down 8-up situation." That means $1 to $2 downside risk and $8 upside. Cramer said you can also substitiute Bank of America (BAC), but he prefers WM.

3) Alaska Communications System (ALSK): is actually a way to play oil because of its demographics and has 12% growth, and it has a 6%+ yield. It also has a great wireless network, and should grow for some time.

4) AT&T (T): is a 4.1% yield for a 9% grower. He said the BLS deal should all be behind soon and it will win with the Cingular play.

Jon C. Ogg

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