“When you see really high-quality American companies down 60%, 70% in three weeks, that’s not Fidelity banging them out,” Cramer said. “They just don’t do that. It’s people who have to bang them out.”
With investors looking for any kind of return they can find in this market, Cramer recommend DuPont and McDonald’s for their dividends. The former does have exposure to the troubled agriculture and housing sectors, but DuPont is a “very well-run company.” MCD just raised its dividend, and Cramer doubts CEO Jim Skinner would do that if he planned to cut the payout in the near future.
BP is also worth considering, Cramer said. Dropping oil prices make this stock a “real wildcard,” but there are virtually no other big oil-services names that offer dividends. So investors have to start looking for these opportunities.
NYSE Euronext, the bane of Cramer’s charitable trust for much of 2007, might be cheap enough to buy again. CEO Duncan Niederauer seems to have solidified the stock with a dividend yield offering and a buyback.
“If that stock goes back to its 52-week low,” Cramer said, “I’m going to say buy it.”
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