Cramer Shrugs Off Stock With Over 10% Yield: 'I Don't Want That Dividend, I Need Growth'
On CNBC’s "Mad Money Lightning Round," Jim Cramer said Solaris Oilfield Infrastructure, Inc. (NYSE:SII) is "kind of an inexpensive stock that’s in the oil field play that I actually like very much."
When asked about CVS Health Corporation (NYSE:CVS), he said, "They have not addressed the theft problem in a way that makes me feel like they’ve got it under control, so I’m going to have to say not yet."
Cramer said Powell Industries, Inc. (NASDAQ:POWL) is a profitable company. "I reiterate, you’ve got a winner," he added.
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When asked about Cal-Maine Foods, Inc. (NASDAQ:CALM), he said, "I don’t want that dividend, I need growth." Cal-Maine has a dividend yield of 10.69%.
"They sold a lot of those contractors, that was their thing," Cramer said when asked about The Boeing Company (NYSE:BA). "In retrospect, I think it was a big mistake. They may dispute that, but that makes me fell like Boeing is still not right. I think you can go a little bit lower."
Price Action: Shares of Boeing fell 0.1% to close at $195.46, while Cal-Maine lost 2% to $48.27 on Wednesday. Powell Industries shares gained 3.7% to settle at $82.04, while CVS Health fell 2.2% to close at $69.78 on Wednesday. Solaris Oilfield Infrastructure shares gained 5.2% to settle at $10.96 on Wednesday.
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