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With markets rising nearly every trading day in 2012, CNBC's Jim Cramer was net bullish for stocks between January 9 and 12. Of the 52 stocks mentioned, 43 (or 83%) were a "buy" and 9 were a "sell" (or 13%).

The bullish scenario is not convincing, because trading volume did not accompany the price rise. This suggests that there are not enough buyers to sustain the upside. An investment strategy for gaining exposure to stocks while limiting losses is to buy companies that pay a dividend. Investors get paid for holding companies for the long term.

The companies from Jim Cramer's calls with an average trading volume of over 1 million shares daily, a yield over 3%, and a market capitalization of over $1B are:

#

Name

Call

Date

Avg Vol

Yield (%)

Div/Share ($)

Mkt Cap ($)

1

Annaly Capital Management

Buy

1/12/2012

12,870,800

14

2.28

15.83B

2

First Niagara Financial Group

Buy

1/11/2012

6,927,640

3.4

0.64

2.79B

3

Kimco Realty Corporation

Sell

1/11/2012

3,903,430

4.7

0.76

6.97B

4

Sanofi

Buy

1/10/2012

3,603,270

3.7

1.32

96.05B

5

Dupont

Buy

1/12/2012

7,121,320

3.5

1.64

44.63B

6

Nucor Corporation

Buy

1/12/2012

3,480,320

3.5

1.46

13.18B

7

Abbott Laboratories

Buy

1/10/2012

7,297,410

3.4

1.92

85.97B

8

Weyerhaeuser Co.

Buy

1/9/2012

5,675,330

3.2

0.6

10.58B

Annaly Capital Management (NYSE:NLY) - Buy
Annaly Capital Management has a market capitalization of $15.83B and yields 14%. Potential headwinds for the sector came from a report by Bloomberg. Speculation for a new mortgaging program in the US would hurt the REIT market but would benefit banks:

The speculation was fueled in part by a Jan. 4 note from Jaret Seiberg, a policy analyst at the Washington Research Group. He theorized that President Barak Obama could install a housing advocate at the Federal Housing Finance Agency, which regulates Fannie Mae (OTCQB:FNMA) and Freddie Mac.

"That could lead to a mass refinancing program for agency- backed mortgages that would go well beyond the existing HARP program," Seiberg wrote, referring to the Home Affordable Refinance Program, a federal effort to help distressed borrowers. "That could hurt agency mortgage-backed securities pricing and result in higher financing costs going forward. Yet it also could be a big boost for the economy and housing going into the election."

Annaly has an adjusted dividend payout ratio of 105.5%. This means that the company is not retaining earnings to cushion against any future economic shock. In terms of trading activity, bearishness increased, as short interest increased to 37.05M, or by 4%, between December 15 and 30.

First Niagara Financial Group (NASDAQ:FNFG) - Buy

First Niagara has a market capitalization of $2.79B, and pays $0.32 per share for a yield of 3.4%. First Niagara is divesting its branches as ordered by the Department of Justice. Between December 15 and 30, short interest increased by 24.7% to 10.04M shares.

Kimco Realty Corporation (NYSE:KIM) - Sell

Kimco Realty yields 4.7%, paying $0.76 per share.

The company reports earnings on Wednesday, February 8, 2012 after the market closes. The average price target is $18.38, implying an upside of around 8%.

Sanofi American Depositary Shares (NYSE:SNY) - Buy

Sanofi yields 3.7% and has a market capitalization of $96.05B for a P/E of around 15. The pharmaceutical industry is in a state of consolidation and cost-cutting due to patent expiry for blockbuster drugs. Novartis (NYSE:NVS) announced it was cutting more jobs in the U.S.

Investors might want to make a play for the growth of generics. Valeant Pharmaceuticals (NYSE:VRX) would be a way to play this trend but does not pay a dividend. Abbott Laboratories (NYSE:ABT), which has a yield of 3.4%, expanded its revenue base with a licensing deal with Apricus (NASDAQ:APRI). Abbot will be selling an erectile dysfunction drug in Canada.

Dupont (NYSE:DD) - Buy

Dupont has a market capitalization of $44.63B and yields 3.5%. The company lowered 4th quarter guidance last month. Cramer said that "the facts, and more important, the perceptions about this business and its major end markets have changed for the better."

Nucor Corporation Common Stock (NYSE:NUE) - Buy - and Weyerhaeuser Company (NYSE:WY) - Buy - both trade at high P/Es, at 21.00 and 24.57 respectively. Nucor, whose shares yield 3.5%, promises upside, but this is dependent on growth in China. China's growth prospects for 2012 are clouded by weakness in Europe.

The steel maker moves on positive sentiment for the region. Nucor reports its quarterly results on Thursday, January 26, 2012, at 2 p.m. Eastern Time. Weyerhaeuser, whose shares yield 3.2%, reports earnings on February 3.

Source: 7 High-Yielding Dividend Buy Calls From Jim Cramer