Amid the storm of volatility washing over the markets, TheStreet's Jim Cramer sees opportunities in solid dividend stocks like General Electric (GE - Get Report) and Verizon Communications (VZ - Get Report). "GE's dividend yields 4%, Verizon's yields 5% -- I like these stocks on the way down,' Cramer said. "I also like Procter & Gamble (PG - Get Report) on the way down -- it has a 4% yield." Shares of GE have fallen 17.7% since hitting their high on April 10. Verizon is off 11.6% since it topped out on April 28. Procter & Gamble shares have declined 24% from their Jan. 22 high. All three stocks tumbled to new 2015 lows on Tuesday.
Cramer said investors should be using the strong stock market openings seen in recent sessions, where the Dow Jones Industrial Average opened with a triple-digit gain, to exit positions in stocks that don't work, such as many in the minerals and mining sector. "When the market comes back down, you get into these accidental high yielders," Cramer said. "If you buy these stocks that yield 4%, the best thing that happens is they might yield 5% when you buy more." Cramer stressed the importance of dividend stocks in this volatile market. "It worked in 2008, and it will work now."
Source: The Street
Related Articles:Colgate-Palmolive (CL) Dividend Stock Analysis
8 Select High-Yield S&P 500 Dividend Stocks
Pepsico, Inc. (PEP) Dividend Stock Analysis
10 Companies Creating Real Wealth With Higher Cash Dividends
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Each of these high-yield dividend stocks has a dividend yield exceeding 6.5%. That’s is a very high dividend yield few stocks have. In addit...
-
Because their financials must support a monthly dividend payment, the companies in this space are stable by nature — their operations are st...
-
While there are a number of factors responsible for pushing the stock market lower, the spread of COVID-19 looks to be the match that lit th...
-
Dividend payments are, by nature, a conservative strategy for companies to use, and as a rule of thumb the more conservative companies are l...
-
This stock has plunged by 50%. Only two mortgage REIT analysts warned investors away from shares before it happened. The market overreacted....
-
So if the economy does putter out, what should you do with your money? You could do worse than bet on recession-proof dividend stocks. That ...
-
So what should investors do amid the panic? They could do worse than own top dividend stocks. The recent stock market crash has turned some ...
-
As veteran traders will attest, though, nothing lasts forever. It might not be a bad idea to start adding exposure to the market's lagga...
-
In a soaring market, a few percentages of dividends may not seem like much. Over the past few months, the Dow Jones Industrial Average, the ...
-
For most investors, this is not a time to panic. Rather than take a flight to safety, now is a time to take a flight to quality. And when in...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.