Jim Cramer Comments On IVR, CPL, JAZZ
CNBC Mad Money's Jim Cramer said in the segment of his show called Lightning Round OT that Invesco Mortgage Capital's (NYSE: IVR) dividend yield is so high that it worries him. Whenever he sees an extremely high yield he becomes cautious. Invesco (IVR) has a monster yield of 18% and it is in the mortgage business, so Cramer recommended to his caller that he should be careful. Invesco (IVR) added 0.31% today.
CPFL Energia S.A. (ADR) (NYSE: CPL) is a buy in Jim Cramer's opinion. He likes this Brazilian utility company and its yield. CPFL Energia S.A. (CPL) gained 0.19% today and closed at $64.59.
Jazz Pharmaceuticals, Inc. (NASDAQ: JAZZ) is a pure speculative play, says Jim Cramer. He is worried about this stock because it only had a few pennies of profit. Cramer added that Jazz Pharmaceuticals, Inc. (JAZZ) has a decent revenue ramp and he is willing to endorse it only as a speculative play. This stock is out of his comfort zone. JAZZ fell 0.19% today.
