Every investor need to own some defensive names, Cramer said Thursday. These safe stocks should pay healthy dividends, which offer protection when the market sells off.
Consider HJ Heinz , for example. Known for its ketchup and sauces, these iconic products make up 41 percent of total sales. It also makes Smart Ones frozen dinners, Ore-Ida potatoes, beans and infant formulas, among other products. Although a quintessentially American company, Heinz actually derives 60 percent of its sales from outside of the U.S. The Pittsburgh-based company continues to expand in emerging markets.
On Thursday, Heinz reported a strong quarter that amounted to a 2 cent earnings beat on an 82 cent basis. The company also announced it plans to acquire 80 percent of Quero, a leading Brazilian maker of tomato-based sauces, pastes and the like. Within the first full-year of this acquisition, Heinz expects to double its sales in Latin America. To take a closer look at this company's results and what's ahead, Cramer chatted with CEO Bill Johnson. Watch the video to see the full interview—coming soon.
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