Cramer on Protecting Your Portfolio
In this volatile market environment, “Mad Money" host Jim Cramer recommends playing it safe.
How do you do that?
“Stick with stocks that give us the holy trinity of domestic security, high yields, and defensive business,” Cramer said Wednesday.
Cramer pointed to Dominion Resources as an example. The Richmond, Va.-based utility is one of the largest producers and transporters of energy in the country, providing electricity and natural gas to customers across Virginia, West Virginia, Ohio, Pennsylvania, and North Carolina.
Dominion currently pays around a 3.85 percent dividend yield, and has raised its dividend for the last nine years, Cramer noted. Despite having reported slightly disappointing earnings before Wednesday’s open, the stock still managed to flirt with its 52-week high.
Cramer is also interested in the company’s prospects, including plans to build a liquefied natural gas export terminal that he thinks could bring huge business.
To learn more, he welcomed CEO Tom Farrell. Check out the video to see the full interview.
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