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A strong start to the holiday shopping season helped propel the Dow up 291 points Monday, while the S&P gained 2.92 percent and the NASDAQ advanced 3.52 percent. But despite that market rally, “Mad Money” host Jim Cramer urged caution.
“This is the rare market where you don't need excessive risk to get excessive reward ... Just the opposite,” he said. ”Embrace your inner boring self, jettison those high flyers into strength, focus on yield, and you will come out of this European contagion snug, safe and sound.”
Just look at the big market movers Monday like Macy’s , Apple , Google and Amazon . If you bought these names last Wednesday or Friday, Monday’s gain would only take you back to where you were ten days ago. And if you bought today, you need more fabulous retail numbers and news that the European Central Bank has rescued the banks.
Cramer’s strategy is a conservative one—own a diversified group of “boring” high yielders and a good growth stock or two. The best judge of this, he said, is the 52-week high list—a group of about a dozen stocks that have survived this brutal year.
Those names include some the “Mad Money” host has consistently recommended:
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