It is one of the only stocks that has raised its dividend every year for the past 50 years. Emerson is what you want to own if the Federal Reserve cuts interest rates as expected.
After doing a two-for-one split last year, Emerson is now up 180% from its low of $33.50 seven years ago. It's now priced at $48 with a 2.2% yield, and Cramer likes it. Emerson and P&G are the "two best in show for the S&P," he said. Action Alerts PLUS .