TheStreet’s Jim Cramer says investors need protection in this market and they should look for high yielding stocks, like General Motors (GM). Cramer said GM raised its dividend, raised its buyback and increased its earnings forecast, but the stock is now trading lower. Cramer said the stock yields 5%, significantly above treasuries, which represents really good value. GM is among the stocks listed on Cramer’s bear market shopping list, which also includes American Electric Power (AEP), Verizon (VZ), Ford (F), Tupperware (TUP), Ventas (VTR), Dow Chemical (DOW), Eaton (ETN), International Paper (IP), Diebold (DBD), Cummins (CMI), Kohl’s (KSS), Pfizer (PFE), Prudential (PRU), and RR Donnelly (RRD). Jim Cramer is portfolio manager of Action Alerts PLUS.
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