This VALE tradd arounf $16's then Ex-Date Divy Dropped $15.80's under!!!!
$16.1's if market corrects briefly!!!!! Lets see you bagges trade your way out of that!!
The Commodities Supercycle is OVER!!!!! FCX will be $22 stock soon!
stocks will attract new buyers after the smoke clears as relative safety plays. Of course not all dividend yielding stocks are created equal. In the event of a default, following are stocks Cramer likes best.
Adam Jeffery | CNBC 1. Dominion Resources: "First thing I would do is buy the stocks of utilities where I don't think there's much earnings risk. That means Dominion Resources," Cramer said. Cramer sees several catalysts. "First, it's going to spin off a master limited partnership, which is terrific and will bring in a lot of cash. Second, Dominion's strong core utility business allows for the continued increase in dividends."
2. ConEdison: Not only is ConEdison a utility but Cramer sees it as a stock that's somewhat insulated from the DC debacle simply because it services the New York metro area. "The NYC economy is more international than many realize," Cramer said.
3. Southern Company. Cramer likes the Southern Company due to what he calls, "an amazingly long-term history of paying the dividend through the toughest times imaginable. I've interviewed Southern several times and I truly think they get the sanctity of the dividend better than just about any other utility."
Ride out this storm and correction in some safety.