Cramer in Yield Plays

Posted: February 27, 2007 at 2:48 pm

On today’s STOP TRADING on CNBC Cramer talked about the ties to China and also how now the Fed has all of a sudden a rate-cutting Fed even though he has been saying this for a month.  He thinks this is the pain before the rate cuts.  He likes the 4% yielders right now.  He noted P&G (PG), Pepsi (PEP), Kellog (K), Kimberly Clark (KMB), Altria (MO).  He will start looking at Bank of America tomorrow and the 4% yielders in finance.  He thinks that the cyclicals and Latin America could fall a while more.  He still likes Charter Communications as a winner on the bond market rally; he also likes the oil drillers as not sensitive to rates.

Jon C. Ogg
February 27, 2007

Jon Ogg is a partner in 24/7 Wall St., LLC and he can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

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