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Mad Money Mailbag: See the Light

Editor's note: The following are questions received from viewers of "Mad Money," seen every day at 6 p.m. EST on CNBC.


You recommended Newell Rubbermaid (NWL - Get Report) a while back, and the stock is still trading around $26, even though the company recently posted strong quarterly results. What are your latest thoughts?

-- Jerry from California

Jim Cramer: First of all, this is a stock I own for my charitable trust, Action Alerts PLUS . The company is in the midst of a successful turnaround, though many investors have yet to forgive Newell for the many mistakes of its prior management team. I believe the rest of the market will ultimately see the light, but in the meantime, the stock remains attractive for its secure 3.2% dividend yield.


What are your top mutual funds for investors who don't have enough money or time to properly maintain a diversified portfolio of individual stocks?

-- Ken from Los Angeles

Jim Cramer: One of my favorite mutual funds over the years is Legg Mason Aggressive Growth (SHRAX; formerly Smith Barney Aggressive Growth). It is managed by Richie Freeman, who consistently outperforms his peers and the broader market averages.


Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.
At the time of publication, Cramer was long Newell Rubbermaid.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS . Listen to Cramer's RealMoney Radio show on your computer; just click here . Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here .

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