Cramer’s 10 Stocks You Might Have Overlooked
From dental floss to Q-tips brand cotton swabs and Band-Aid brand adhesive bandages, Cramer regularly uses a lot of Johnson & Johnson products.
Cramer said shares of the consumer goods maker struggled under the leadership of former CEO William Weldon, but things are looking up now that Alex Gorsky is at the helm. Today, Johnson & Johnson’s stock boasts a juicy 3.6 percent dividend yield.
“The Brothers Johnson are paying you to wait, as Gorsky either streamlines the place or breaks it up into several different divisions, like household products, fast growing pharma and slower growing medical devices,” Cramer said. “You have a stock that’s worth substantially more than it’s currently trading for under this new regime.”
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Cramer also keeps Kleenex brand tissues in this bathroom, which are made by Kimberly-Clark.
The Kleenex brand is so strong that it likely helped the company’s stock post a 14 percent gain this year, Cramer said. Its 3.5 percent dividend yield is another reason to own this stock, he added.
Procter & Gamble (PG)
Cramer’s deodorant of choice is the Old Spice brand, which is made byProcter & Gamble.
To Cramer, Procter & Gamble is a “terrific company that happens to be burdened with terrible management.” Procter & Gamble’s stock sports a 3.65 percent dividend yield, though. Cramer said its juicy dividend yield is paying investors to wait for the eventual ouster of CEO Bob McDonald, which he thinks would immediately send the stock higher.
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