Consider This Dividend-Paying Play
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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