Cramer Buyback #5: NOK (NOKIA
CP ADS)
Get this! Just in the last qtr., they bought back 1.4 billion
euros of stock. I mean, that's incredible. That's
the 'mon-back buyback. Plus, NOK - the co. - is taking share
worldwide. They should reap some big dividends as China keeps
growing.
Cramer Buyback
#4: A media tie between CBS (CBS
CORP CL B)
and
NWS (NEWS
CORP)
Frankly, you can go with either one. NWS getting too much
credit, I think, for buying MySpace. I think the kids have
already turned on MySpace. They don't get enough credit
though for the great shows.
CBS just sold the theme parks. CBS throws off cash like it's
an ATM! Let's just say that they're going to use all that
theme park money, I think, to keep a floor under their stock.
Media's back, and those two are the winners! TWX's on the
buyback list too, even though it's way too big and unwieldy, even
though it's gotten cheap. Plus, it's got that nasty 'what do
we do with the AOL problem...'
Cramer
Buyback #3: Another tie: BAC (BK OF
AMERICA CP)
and C
(CITIGROUP
INC)
Both of them have tons of excess cash, big dividends. And
really very few other places to deploy cash, because they so built out
their operations, and have giant fee businesses. So, they
have virtually no choice but to buy back massive amounts of their
stocks.
I'm really drawn to either one of these two. You don't need
any other bank, frankly; both co.s love their shareholders.
Cramer Buyback
#2: CVX (CHEVRON
CORP)
#2 is a
co. that gets no respect whatsoever! And I'm talking about
CVX! It's the cheapest of the integrated oils! I
dig that 3.6% dividend - management clearly committed to helping
shareholders.
This buyback is amazing; it's constantly renewed. I mean CVX
- they your pal! There's more upside here than in Exxon
(XOM), which limits its buyback more carefully, and still thinks that
oil's way too high... An oil co. that thinks that oil's way too
high? Get with the darn program! Sell, sell, sell!
Cramer
Buyback #1: SHLD (SEARS
HOLDINGS CORPORATION )
I think
the #1 stock for your buyback portfolio is unquestionably SHLD!
You need to think about owning SHLD. In a buyback,
or in any other kind of portfolio, this is the one that I feel best
about. (Cramer's Charitable Trust owns this stock)
The bottom line!: Look at this group!
These stocks are your buyback safe portfolio. In this tough
market, they are your liferaft. Don't be in the sub, be
upstairs! Be in one of those stocks in a volatile market.
