For the last "Invest in America" segment of another volatile (is anyone else getting tired of that word?) trading week, Cramer brings on Sandy Cutler, CEO of Eaton, one of the market's surprise stories of late. It's one of those "accidental high-yielders-companies that paid paltry yields that have been transformed into generous, juicy ones because of the massive declines in their stocks." These kinds of stories and these kinds of companies are Cramer's fave. Eaton once offered a slight 2% yield during its 52-week high of $99, but now boasts more than double that: a 4.8% yield at where the stock is trading.
Cramer: "Buying accidental high-yielders like Eaton when they're down and then scaling out when the stock rises and the yield falls below 4%, as Eaton's did intraday last Wednesday November 5th, only to buy the stock back as it falls again, has been one strategy that actually works in this miserable excuse for a stock market."Page 1 of 2 | Next Page