Cramer's 'Stop Trading!': Dividend Do's

Stocks that pay dividends are one way to avoid near-term disaster, Cramer says.

Author:: TheStreet.com Staff
Publish date:: Oct 23, 2008 3:28 PM EDT

"This is one of the quietest, worst days I've ever seen," said Jim Cramer on Thursday's "Stop Trading!" segment on

CNBC

. He turned once again to dividend plays. "They're getting traction in this market because people are just saying, 'You know what? I need to find companies where the near-term is not disastrous.'"

Cramer's dividend recommendations included

Duke Energy

(DUK) - Get Report

, which he said was "pretty darn good at $15", and

ConEdison

(ED) - Get Report

As for retail,

Amazon

(AMZN) - Get Report

is a "fabulous company," he said, that has "everything," and the fact that it is struggling leads him to "question the value of nearly every retail" stock. He said he wouldn't even try to call a bottom in retail. "When Amazon can't do it," he asked, "where does

Gap

(GPS) - Get Report

stop? Where does

Limited

(LTD)

stop?"

He didn't have anything better to say about solar stocks. "It's over!" he said. "Duke Energy had to cut back in solar.

SunPower

(SPWRA)

? No thank you. " He didn't like

Applied Materials

(AMAT) - Get Report

on the basis of its solar division, either.

At the time of publication, Cramer had no positions in stocks mentioned.

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