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Cramer's 'Mad Money' Recap: Market Negativity Ebbs (Final)

Juicy Dividend Play

"Don't let today's rally lure you into being too aggressive," Cramer cautioned viewers, as he once again made the case for high-yielding dividend stocks as part of every investors' portfolio. He featured MarkWest Energy (MWE), a master limited partnership with a juicy 6.2% dividend yield, as one such great investment.

WarkWest is our country's top provider of natural gas gathering, transporting, processing and storage. Unlike many exploration and production companies, MarkWest is also has less exposure to the price of the commodity it processes. The company is the top player in the Marcellus shale region of Pennsylvania, but also has its hands in shale plays all across our country.

Cramer said that MarkWest's recent secondary offering of stock makes a perfect entry point, as shares are currently trading below that price price. He said the company now has all of the capital it needs for growth, and thus boosting its distribution to shareholders.

MarkWest has a generous history of rewarding shareholders, said Cramer, with distributions increasing by 190% since the company's IPO. All told, MarkWest has returned 912%, including reinvested distributions, since it's IPO.

Lightning Round

Cramer was bullish on Amazon.com (AMZN), Vector Group (VGR), Philip Morris International (PM), Kinder Morgan Management (KMR), Altria (MO), McCormick (MKC), Frontier Communications (FTR), Pitney Bowes (PBI) and Annaly Capital (NLY).

Cramer was bearish on Inergy LP (NRGY).

Closing Comments

In his "No Huddle Offense" segment, Cramer said without a double-dip recession, the oil stocks are the place to be this earnings season.

Cramer said the oil stocks have been trading on the premise that a European recession will be bad enough to take down the world's economy, but that notion seems preposterous.

He said the oil service group is now the most out of whack with the fundamentals, with stocks like Continental Resources (CLR) down 28%, EOG Resources (EOG) off 35% and even Halliburton (HAL) down by 40%.

"This is not 2008," he reminded viewers, which makes this group one of the most attractive sectors out there.

--Written by Scott Rutt in Washington, D.C.

To contact the writer of this article, click here: Scott Rutt.

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