Enticing Lows Are Coming Around Again

Some stocks are looking like they could be tasty treats soon. I am eyeing AT&T (T - commentary - Cramer's Take) at $25 with a 6% and change yield, just 5 points off where it fell to, and I am thinking, "Get ready to pull the trigger." I figure that the numbers are too high and someone will shade them down. But is that as important as a different parameter: getting in at a price I wish I had gotten in before?

One of the intriguing things about this decline is that some stocks are nearing the levels they fell to where you got a terrific capital gain if you bought, yet very few people bought.

Now, I don't believe you well get AT&T at $20 again. The dividend, which was just raised, is too sweet and the company's prospects too steady. So I say get ready.

Or how about Altria (MO - commentary - Cramer's Take). A lot of bad news is baked in, but the company held its low of $15. It is one of my largest positions in Action Alerts PLUS, but I think this one, with about an 8% yield, has spent its time in purgatory.

I know the numbers for 3M (MMM - commentary - Cramer's Take) are too high, but the company yields 3.5%, and it is only 5 points from its lows, which I do not believe will be tested, even if the company reports the disappointing quarter I expect.

Here's Disney (DIS - commentary - Cramer's Take) all the way back to $21 with oil coming down. Two points off its low. If that stock trades at $20 on expiration day, you have to find it rather intriguing as a turnaround on lower gasoline prices.

Yes, and there is General Electric (GE - commentary - Cramer's Take) at $14 and change, 2 points off its low, on talk of a quarter lower than expected. Like I said earlier about Wells Fargo (WFC - commentary - Cramer's Take) and JPMorgan Chase (JPM - commentary - Cramer's Take), duh! I mean no kidding. Always, when you think of these companies reporting worse-than-expected earnings, you have to be thinking of buying Goldman Sachs (GS - commentary - Cramer's Take) before that big ramp, even if it has given up a great deal.

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Jim Cramer is a featured commentator for CNBC, which is owned by General Electric; as part of his contract, Cramer holds restricted shares in GE.

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