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NEW YORK (
) -- "Get out of low yielding CDs and bonds, and into high yielding stocks," Jim Cramer told the viewers of his "Mad Money" TV show Wednesday evening.
He said the economy is too fragile for interest rate hikes anytime soon, which makes stocks with dividends the smart choice.
Despite the congressional testimony from
chairman Ben Bernanke, and the executives from
, Cramer said the most important news of the day came from
, whose strong earnings signaled that the American consumer is still too stretched for interest rates hikes any time soon.
With Dollar Tree firing on all cylinders, Cramer said
remains his favorite trade-down play. Treehouse is up 12% since last featured on Dec. 21, and Cramer said the stock is still heading higher.
Cramer said low interest rates also make high-yielding dividend stocks attractive, especially when compared to bank CDs and treasuries which are yielding less than 2%.
Cramer said he still likes
, a stock which he owns for his charitable trust,
Action Alerts PLUS, and one that boosted its dividend just yesterday.
Cramer also gave the nod to other dividend boosters, including
, which recently raised their dividend 10%, along with
, another Action Alerts Plus name, which have 6.5% and 7% yields respectively.
"Stocks speak loudly sometimes," Cramer told viewers, and high-dividend stocks are speaking the loudest right now.
Natural Gas Champion
Continuing in his crusade for natural gas, Cramer once again spoke with Sen. Mark Udall (D., Colo.) about the prospects for the fuel in Congress and beyond.
Udall said he's a big supporter of natural gas and is working hard to build a bipartisan coalition of senators to help realize the potential of what he called a huge resource, one that will both enhance national security and create enormous amounts of jobs.
According to Udall, his coalition is in favor of replacing coal fired power plants with cleaner burning natural gas facilities. He said there's no reason why natural gas cannot provide base-load power, especially given that our current natural gas facilities only operate at 25% of their capacity.
Udall championed natural gas as a way to create tens of thousands of jobs, both short and long term. He said he wants to level the playing field so natural gas can compete with coal fairly.
Oddly enough, the U.S. has spent billions to build liquified natural gas (LNG) facilities that allow the U.S. to import natural gas. Yet with the huge discoveries in recent years, the U.S. is now poised to export, not import, its gas unless it starts using more gas domestically.
Udall said the opportunities for natural gas are limitless, in both power generation and transportation, and he hopes to help make both a reality.
Gold Mining Play
In the "Executive Decision" segment, Cramer welcomed back Sean Boyd, CEO of
, Cramer's once favorite gold miner before the company came upon hard times.
Boyd explained that Agnico took on the unprecedented challenge of building five new mines at once, which led to disappointing earnings in the company's third quarter. He said Agnico had the skills to build all five properties at once, but a few unforeseen issues did arise.
However now that the mines are nearing completion, Boyd said he's building a quality gold company. He said all of the deposits the company purchased were done at reduced prices, and Agnico is now poised to produce gold at $390 an ounce, compared to the industry average of $475 to $500 an ounce.
Another bright spot for Agnico is the company's Meadowbank mine in the Arctic region of Canada. That mine, which just started production, has proven to be a much larger reserve than originally estimated. Boyd said Meadowbank will be a mainstay for Agnico for many years.
Cramer said he once again likes the story at Agnico, and said there's an upside surprise coming in the company's near future.
Cramer told a viewer that
is still a long-term buy, while telling another that he's not a fan of ethanol maker
Cramer told a third viewer that while
World Wrestling Entertainment
has a dividend, it has no growth, which makes him not a fan.
When asked about
, Cramer said he would not sell the stock this low, and would wait for some strength, but he would ring the register on
( SII) and take profits now. He said he prefers
, an Action Alerts Plus name, in that sector.
He was bearish on
-- Written by Scott Rutt in Washington D.C.
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At the time of publication, Cramer was long Home Depot, Altria, JPMorgan, Home Depot, Apple, Intel, Cisco, Weatherford.
Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."
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