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NEW YORK ( TheStreet) -- Investors can fuss over the high-flying stocks making headlines, Jim Cramer told his Mad Money TV show viewers Wednesday, but he'd rather own a nice quiet stock that just goes up slow and steady.
Among the stocks in the news again today was Alibaba (BABA) , Cramer continued, a stock that rallied another 8.8% this week, but is still valued at less than Facebook (FB) , a stock which Cramer owns for his charitable trust, Action Alerts PLUS.
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Then there are the continued calls for the ouster of Yahoo! (YHOO) CEO Marissa Mayer. Cramer said this notion is simply "idiotic," as Yahoo! shares are up 25% on the year and Mayer is an incredible CEO.
But while the bulls and bears battle it out over Alibaba and Twitter, Cramer said he'd rather just own Apple (AAPL) , a company which he does indeed own for Action Alerts PLUS. Cramer said Apple doesn't make waves, it just makes money, and that's why investors just need to own Apple for the long-term.
For his "Executive Decision" segment, Cramer spoke with Andrew Liveris, president, chairman and CEO of Dow Chemical (DOW) , which hosted an investor forum today and announced a 14% boost in the company's dividend and a new share repurchase program that will eventually retire 17% of the company's stock. Shares of Dow were up just 38 cents on the news.
Liveris said that investors often mistakenly look at Dow's 118 year history rather than its prospects over the next five to 10 years. The old Dow, he said, was negatively affected by lower oil prices, but the Dow of today actually benefits from falling crude prices.
Dow is also investing heavily in its future, Liveris noted, with the company's new $5.5 billion facility in Freeport, Texas, as just one example.
Finally, when asked about Dow's stock buyback program, Liveris said that they've already purchased $3.1 billion worth of stock so far this year and they buy more aggressively as the stock falls.
Cramer said that Dow remains a great core holding that provides both growth and yield, which is why it remains an Action Alerts PLUS staple.
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