Emerson has already reported numbers that are "great," and although the stock should not be allowed to go lower than where it was after a dividend boost, that's what's happening here, he said.
There is "pure opportunity" to buy this stock, which has a 2.5% dividend yield, Cramer continued, adding that its dividend boost shows that Emerson has confidence in its future. Another reason to buy Emerson now is that because short-term bond rates are higher, an "influx of investors who would have otherwise bought bonds," is likely to come to the market and buy dividend-boosting stocks like Emerson, he said. The bottom line: "When you have a potential for a selloff, you need a stock that is going to be secure," like Emerson, Cramer said.Pirate Capital, Aarrr!
Pirate Capital is making a lot of noise, which might tempt people get into it, but Cramer does not believe this is a good idea. The hedge fund employs a strategy of "activision," which means it takes a 5% stake in a company it feels is undervalued then it pushes for changes, claiming it's in the interest of the shareholders, he explained.- Loading Comments...
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