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could survive the post-Bernanke world and head higher," said Jim Cramer on his "Mad Money" TV show Thursday. "It is the great speculative play that should prosper."
Down 300 points at its worst point of the day, today's market brought on a number of surprises. The most notable, after
news, said Cramer, was that investors came out of the woodwork to buy financially related stocks.
Cramer referred to these companies as "long-term beneficiaries" of Bernanke's standpoint but didn't regard all of them as safe investments.
Cramer explained to viewers that while many financial stocks were up as of closing, he did not have a strong feeling for the financial industry as a whole.
fell into SellSellSell territory.
Bank of America
did earn Cramer's brief but positive acknowledgment as potential winners.
Cramer does see big things ahead for
. Calling it a stock for "when the smoke clears," Cramer said he believes it will "own the mortgage market" and be in better shape than its peers.
The company is known to offer a "great" dividend, and Cramer is a fan of its diversified holdings. He'd buy some "in a week or two" should the price fall into the $32 to $34 range.
In his "Sell Block" segment, Cramer rhetorically asked viewers if any of them sold "into the panic" today. Explaining why investors should not jump the second the market goes sour, he said that "nobody ever made a dime panicking."
Cramer referred to the mistakes he made during market low points in 1987 and 1998, insisting that this is "not the time to bail" and that investors must "stay the course."
Cramer urged investors to start to consider selling off minerals, believing that it is "better late than never" to do so. He also sensed trouble for the retail industry, emphasizing how consumer spending will be "crimped" by the recent actions of the
Cramer said that it's time to sell
, coming off its soaring IPO.
Capital One Financial
Friedman Billings Ramsey Group
were three financial companies he said should be avoided.
Cramer also wagged a finger at
Lamson & Sessions
, which has been suffering from lower attendance due to the weather.
Cramer iterated that many are simply "waiting for the Federal Reserve to blink." In turn, we will continue to have "some up and some down" until the anticipated market disaster, he said.
In sum, he urged investors to focus on long-haul buys, rather than quick trades, as they will help to keep profitable portfolios.
"Not every company with a high yield is a good yield," Cramer said about life in the "post-Bernanke, post-nuclear world." Furthermore, Cramer believes that "not all dividend payers are created equal." This has especially proven true, he said, when it comes to "protecting" your money.
as two of the higher-paying dividends out there.
However, such dividends tend not to be "worth it," because when "stocks go lower, yields go higher."
Instead, Cramer urged investors to consider buying companies that are raising their dividend. He recommended
as a company paying a "nice dividend," at 5.5% yield -- even higher than that of
, which he owns for his charitable trust,
Action Alerts PLUS -- in addition to being a "smart play."
Cramer called Reynolds, the world's second-largest tobacco company, an "ideal stock in this environment" because "nothing is more defensive than cigarettes."
In his first response in his "Mad Mail" segment, Cramer iterated that
should be avoided.
Next, Cramer told a mailer that he didn't like
, adding that the stock's past ascent was "how to make a million" in the market.
Last, Cramer told investors to go toward tech stocks for their "great balance sheets and great products."
is safe, he said.
Cramer was bullish on
Eagle Bulk Shipping
International Game Technology
Cramer was bearish on
For more of Cramer's insights during the Lightning Round, click here
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At the time of publication, Cramer was long International Game Technology and Altria.
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