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