When TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, first took a close look at Kohl's (KSS) - Get Report this morning, the stock was in negative territory following its earnings report.
However, shares have since rallied into positive territory. After the company upped its quarterly dividend to 50 cents per share, it now yields 4.4%. That's a level where investors find it attractive, and rightfully so, Cramer explained.
Another retailer that recently reported earnings is Restoration Hardware (RH) - Get Report , but the stock hasn't performed nearly as well, plunging nearly 30%. The company missed on EPS and revenue estimates and Cramer cautions, "you can't buy" it just yet.
The company is struggling in Canada, Houston and Miami, areas impacted by the U.S. dollar and falling oil prices, he explained.
Although Walgreens Boots Alliance (WBA) - Get Report didn't report earnings, the stock is attractive. "I think Walgreens should definitely be bought," Cramer said to investors. Although, more clarity on the company's Rite Aid (RAD) - Get Report acquisition would be nice, he added. Walgreens is among the holdings of Action Alerts PLUS.
Turning to International Paper (IP) - Get Report , Cramer acknowledged that he'd need to do more homework on this stock to determine if it's a buy. Although its big 5% dividend yield is attractive, this is not the type of stock investors want to own in a recession.
Cramer said he likes Fiserv (FISV) - Get Report , the $22 billion financial services technology provider. The company doesn't have the type of credit risk related to oil and gas that some of the major banks do, like JPMorgan (JPM) - Get Report and Citigroup (C) - Get Report .
Finally, when asked about Hecla Mining (HL) - Get Report , Cramer said he prefers traditional miners. Specifically, no one is better than Randgold Resources (GOLD) - Get Report ,which has some of the lowest gold-related costs in the industry.
At the time of publication, Cramer's Action Alerts PLUS had a long position in WBA.