Jim Cramer's weighing in on Domino's (DPZ) after the pizza-giant posted earnings, and why he is urging investors to add stocks to their portfolios that have decent yields.
Let's Recap Domino's Earnings
Let's talk about Real Money Stock of the Day Domino's.
The company reported earnings Tuesday morning.
Domino's said earnings for the three months ending in September came in at $2.05 per share, 3 cents shy of analyst forecast. Group sales rose 4.4% to $820.8 million, again falling short of analysts' estimates of $823.2 million.
Time to Add Some Decent Yields to Your Portfolio?
Cramer has yields on the mind.
Cramer penned a Real Money column on the subject early Tuesday morning.
"If you can get a decent yield, a decent yield meaning 3% or better, and that yield is from a non-retail real estate investment trust (REIT), or a trusted utility, it's been a major lift or at least safety net for a stock. The gains, for example, in the real estate investment trusts related to data centers or e-commerce have been incredibly strong," wrote Cramer.
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