Investors need to remain defensive.
As avid “Mad Money” viewers know, that’s been host Jim Cramer’s mantra lately. He’s recommended his “homegamer” viewers consider dividend-paying stocks that boast “domestic security,” meaning the underlying company has zero exposure to Europe’s sovereign debtcrisis.
On Wednesday, Cramer highlighted real estate investment trust Kimco Realty, which he said owns and operates the largest portfolio of neighborhood and community shopping centers in North America. From Home Depot to Wal-Mart Stores and Target, Kimco leases to many notable retailers across the continent, he said. Plus, its stock currently pays a juicy dividend yield of around 3.8 percent.
Kimco reported strong quarterly results Tuesday, including better-than-expected funds from operations, which Cramer noted is the REIT equivalent of earnings. It also delivered strong revenues and improved occupancy ratios, he added.
To learn more about the quarter and its prospects, Cramer invited CEO David Henry onto the program. Watch the video to see the full interview.
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