Jim Cramer Is Buying Shares of Dow Chemical, Likes the Yield

TheStreet’s Jim Cramer is buying Dow Chemical (DOW) for the Action Alerts PLUS portfolio that he manages, saying it’s a real buy at these levels and the stock has a good yield. Cramer said this stock has been moving lower due to the drop in oil prices and that’s a mistake. Cramer also sees some potential opportunity in shares of Procter & Gamble (PG), saying if you can get the stock under $74 it’s a good buy. A viewer asked Cramer whether to buy more shares of Disney (DIS), and Cramer said if the company doesn’t hit a growth number for its ESPN unit, the stock will retreat further. But if you take a longer term view and buy Disney between $93 and $95, you’ll be fine, according to Cramer. The problem is, in the current market environment, many investors aren’t looking at stocks longer term. Cramer also commented on Visa (V), Rockwell Automation (ROK), Amazon (AMZN) and Skyworks (SWKS) while answer viewers’ questions from social media. You can send questions to his Facebook page, or find him on Twitter, and use hashtag Cramer Q.