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The Return of the Accidental High-Yielders

By Jim Cramer

About this article:
It didn't take long, but the accidental high-yielders are back. There's PPG Industries back at 5% where it was before it told us that March was a good month and April better. There's Emerson Electric over 4% even though last week it said orders lately had been better than expected. Or Honeywell, so close to 4%, amazing, given that it reaffirmed earnings last week. This market's viciousness should never be underestimated. Chevron was breaking out to the upside last week, now it is breaking out to the downside with an almost 4% yield. The astounding declines in some of these drillers and natural gas plays are reminders that they are owned, still, by all hot money players and not stable holders who don't get shaken out because they perceive value. Some of the last half-hour trading was so brutal that I called into question whether...

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