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Jim Cramer Says These 5 High-Yield Stocks Have His Seal of Approval

Jim Cramer Says These 5 High-Yield Stocks Have His Seal of Approval

CNBC̵[ads1]7;s Jim Cramer on Tuesday offered investors a list of five high-yielding stocks they should have on their shopping lists.

Here is his list:

  1. Ford
  2. KeyCorp
  3. Federal Realty
  4. Devon energy
  5. ONE OK

The two-year Treasury yield has recently risen to around 4.3%, a sign that the Federal Reserve will continue to raise interest rates aggressively and increase the likelihood of a recession, according to Cramer.

This has turned some stocks into “accidental high-yielders” and now is the time to buy them, he added. “You want to take shelter in the random high yields because their dividends will give you a cushion.”

To come up with his top picks, Cramer first ran a screen on the S&P 500 to find stocks that are down 30% or more from their respective 52-week highs and yielding 4% or more. Of the more than 50 stocks that met the requirements, the stocks in the list were his favourites.

“They may have more downside here, but I recommend you start buying them here and gradually build a position,” he said.

Disclosure: Cramer’s Charitable Trust owns shares in Ford and Devon Energy.

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