Royal Wedding Guest List: What Stocks Get An Invite?
The wedding of Prince William and Kate Middleton is all the buzz, as people await the ceremony scheduled for Friday. With the official guest list released over the weekend, Cramer on Monday wondered, if possible, what stocks would get an invitation.
The best man and maid of honor wrapped into one, Cramer said, is Rio Tinto . The materials and mining play would get an invite because every home gamer needs a miner and he thinks this is the "best one out there." Cramer likes Rio right now because he thinks China is almost done raising interest rates. When they are through hiking rates, Cramer thinks commodities will soar. Plus, he thinks the mineral business is a great hedge against inflation caused by global demand, as well as a weaker U.S. dollar.
British American Tobacco would also get an invite, Cramer said. It is the largest European-listed tobacco company and sports a high dividend yield, too. The company has 22 percent market share worldwide and the highest exposure to emerging markets.
Another guest, Cramer said, would be National Grid . The British-based energy utility has a 4.1 percent dividend yield and a consistent history of raising its dividend.
Cramer said Pearson would also receive an invitation. After all, he said every portfolio needs a nice growth story with a solid dividend. Owner of the Financial Times and Penguin, Pearson is the rare publishing company that actually reported a good quarter. The company continues to take market share, Cramer said.
Finally, Vodafone is the special situation stock that rounds out the wedding list. The communications company owns 45 percent of Verizon . Cramer said in many ways, Verizon is the winner of the proposed AT&T , T-Mobile deal because pricing competition could evaporate when the deal goes through. In addition to its Verizon business, Vodafone has 360 million customers in 30 countries around the world.
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