Don't downplay the importance of dividend paying stocks, according to one expert.

John Eade, CEO of Argus Research, likes companies that raise their dividend by 10% a year. Microsoft (MSFT - Get Report) is in that camp, along with a host of names in the aerospace and defense sector.

Eade expects the S&P 500 to wrap up 2018 at 3,000, up from its current level of 2,815.

Microsoft is a holding of Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells MSFT? Learn more now.

Tired of FANG stocks? Head over to Real Money for Jim Cramer: 6 Stocks That Mr. 'Anti-FANG' Loves and for a look at all things charts, our Bruce Kamich take a look at Where Can FANG Stop? A Stock by Stock Look at the Charts and Indicators.