Double-Duty Stocks

Tight ends perform double duty on the football field: playing catch-and-receive offense and providing blocking for the running game. Tight-end stocks are the same way, Cramer said. They have an upside, but also deliver a steady stream of income in the form of dividends to protect against the downside.

AT&T does just that. The iPhone helped push AT&T’s subscribers up 1.7 million in the third quarter, and the 3.7% yield offers protection when times are tough. Cramer said shareholders have reason to be happy since the stock is just two points off its 52-week high.

Consolidated Edison is a Cramer favorite too. Rate increases should translate directly into higher profits for the utility, he said, and the 5.1% yield is huge. Cramer called ConEd a “solid and consistent stock.”

Lastly, there’s Enterprise Partners. EPD owns 80% of the Independence Hub platform, the world’s deepest ocean production platform, Cramer said. Five of the 15 wells are already producing natural gas, and the other 10 should be up by the end of the year. The 6.54% yield is good, but with the stock price headed higher, which Cramer said should happen, that yield will dip.

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