Jim Cramer says to consider these five high-yielding stocks to improve your portfolio


On Monday, CNBC’s Jim Cramer gave investors a list of five “accidentally high producers” that he says will provide investors with refuge in the currently unpredictable market.

” At the bottom of [2008] financial crisis, you had an incredible opportunity to buy the accidentally high producers…real companies with stable dividends that had seen their stocks drop so far that their dividends were showing ridiculously high yields compared to the old days. This moment becomes similar,” the “Mad Money” host said.

“It’s worth sticking to the stock market as long as you stick to the good groups and avoid the bad ones – the bad ones being unprofitable tech companies or any other dynamic value-heavy stock that has long since lost its momentum,” he added.

The Dow Jones Industrial Average rose 0.08% on Monday while the S&P 500 fell 0.39%. The tech-heavy Nasdaq Composite fell 1.2%.

Cramer previously offered a list of high-yielding stocks in March, highlighting ten names he believed could be invested in.

“Among these, [Simon Property Group is] the only one I still feel confident about. … We arrived too early and we were too confident in the retail business. I won’t make that mistake again,” he said. “At the same time, even a high dividend isn’t enough to support a stock in a bad industry.”

“That’s why we need to improve our accidental high yield portfolio,” he added.

To compile his list of accidental high-yield stocks, Cramer started by looking for names in the S&P 500 to stick with the “biggest of the big caps.” It has identified actions that meet the following criteria:

  • Does not yield less than 3.5%
  • Are down 25% or more from their highs

Left with 21 names that match his terms — including Simon Property Group and Morgan Stanley, two names that were on his last list of high-yield stocks — Cramer narrowed the list further to five stocks.

Here is the list he compiled:

  1. Huntington Bancactions
  2. Truist
  3. best buy
  4. Tourbillon
  5. Digital real estate

Disclosure: Cramer’s Charitable Trust owns shares of Morgan Stanley.

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