at&t, very nice dividend and telco, pfizer, very nice dividend drug, it's drug, it's telco, it's financeand gas, tech, that's the perfect distribution. i congratulate you and do i wish you luck this weekend in pittsburgh? yeah, because it could help me in fantasy. jim in new york, please, jim? >> caller: hey, jim. am i diversified? apple aapl, exxon, xon, abbott, abt, pfizer, pfe, and johnson & johnson, jnj. thanks, jim. >> oh, boy. the good is i think abbott is a terrific drug company. my charitable trust owns it. exxon mobile, not my favorite oil company, but obviously, you know, a good company. there are other oils i think are better. apple, technology company, my charitable trust owns. abbott, j & j and pfizer, we can't let that stand. we have to make changes right now. first, i suggest instead of j & j, how about general electric? everyone hates the stock all of a sudden, that's wrong. and we're going to have to trade out of pfizer. and what we'll do instead of pfizer, do that mondeliz, get a little food growth in there, i know you like stability or you wouldn't be in all those drug

high yielding telcos, verizon and at&t, as communications networks, they don't come cheaply.he depreciation and amortization costs don't come out of a company's actual cash but they do skew the earnings lower, which is why the cash flow can often give you a better idea about the health of the dividend. a lot of callers call say, listen, jim, why do you like at&t, doesn't cover the dividend? it's the cash flow, okay? finally you have to look at the balance sheet to make sure there isn't a lot of debt coming due in the near future that can often necessitate a dividend cut if the company doesn't have cash on hand. last but not least, you need to know how to collect, how to actually collect the dividend. forget all the jargon like declaration date, "x" date, the record date. no, on "mad money" we care about only one date with dividends. that's the must-own date. that's the last day you have to buy a stock in order to claim its next dividend payout. the must-own date is always the day before the "x" date and that's all you need to know. bottom line, want to embrace the new diversi

otherwise we go to the utilities and telcos.ooking for high yields, the company better have enough earnings to cover the payout. we like companies with a consistent record of raising their dividends. the bottom line, a huge part of long-term investing is retirement investing. reinvest your dividends without paying taxes. that's a terrific recipe for producing huge long-term returns. >> hi, jim. do you record only questions so they can listen to the questions and his response? >> a lot of times they let you do it. sometimes i do it in realtime, a lot of times i do it in the show. i do the transcript on the way home and the transcripts are readily available everywhere. you can stop and think. you can't do that when you're listening live. reinvest, build up over time, avoid the taxes by making sure you make the contributions every year. stick with cramer. ♪ i'm sexy and i know it >> here's a serious conundrum. how are you supposed to pick stocks for the long haul when sectors are constantly going in and out of style on the wall str

then telco equipment maker ciena reports thursday morning.pending by the big firms, att, verizon, sprint, it has been inordinately geared toward cell phone towers and not only optical and software build-up. the starting we've seen in this group which includes juniper and even cisco tells us we should be worried about little ciena. even a fellow optical traveler had good things to report this week. stay away. also we list a number of important analysts' meetings on thursday. remember we told you to by the starbucks, that was a really good trade. okay. we've got cvs caremark. i think that's going to be a very interesting session. cvs. right? you use them. sorry, i didn't mean to cross out cvs. i meant to highlight cvs. phillips 66. get your kicks from that analyst meeting. and united technologies. cvs is the cheapest and best drugstore play p i would be willing to buying ahead of the meeting, particularly if you have a little fiscal cliff panic before thursday. which person's going to come on wednesday and create the buying opportunity for cvs?

the worst-performing sectors this week, consumer staples, telco, and health care, and in terms of the individual stocks that we were watching on the s&p 500 nyse was bigger with a 30% upside after news of that $8.2 billion deal to be acquired by the intercontinental exchange. to the downside, it was electronic arts logging a loss on concerns there will be more scrutiny on violent video games in the coming days and weeks after that tragedy at sandy hook, elementary school. >> many thanks, appreciate it. >>> here now to talk to us dan greenhaus, you are, if i understand it, a fiscal cliff stock bear. >> yes. give or take, yes. >> and why? >> well, i think it's pretty clear you're talking about -- well, our best case scenario has been we're going off the cliff. we said that the day after the election, we standby it today. if you do that, you're talking about the largest tax increase in our country's history, a considerable amount of spending cuts, and in the short-term, probably hit the stock prices on the order of 10%. >> if i give you a cliff deal. okay. i'm going to give you a cliff d

>> theoretically, they can certainly take on cable and satellite and the telcos because they've got a better, cheaper, faster system of delivering video and other content to people on any device. television or otherwise. so whether or not they ever roll it out is a huge problem. they've got to deal with the fcc. they've got to deal with the ftc. and they have to deal with the cable companies. and the satellite guys who have a virtual lock on distribution right now. >> last question. when do you buy apple back, porter? i mean, when does the buy siren go off for you? you said you're going to do it at some point. >> i think apple right now is a steal. i think that 2013, you're going to see them scraping $700 again. >> porter, what's the catalyst to get it to $700? >> well, what people forget about apple, everybody looks at innovation. what are the new products that tim cook is going to break onto the world? they own the whole distribution channel. they don't have a middle-man retailer. they have the best distribution system in the world, and their margins are terrific. sure, their margin

they don't seen have to deal with the primary telco player which is china mobile. >> i'm going to fill in the blanks as we go. >> i feel like marvin lewis here. i guess i'm the straight guy again. in any event when they launch the iphone 5 more broadly they had 3 million units sold over a period of five days in multiple countries. here we are in one country. so the question is, number one, that couldn't have been your estimates, because apple didn't tell you that, and in your reanalysis, and number two, if they do sign the deal with china mobile, what's that do to your estimates and your outlook on the stock? >> so two things. one, yes, i think that 2 million unit number is good, and i think the language apple uses in the press release makes that very clear. with respect to china mobile, you have to look at it a couple of ways. apple already sells units on the china mobile network, just not officially through the network. people who are subscribers of china mobile already buy iphones, i think that's very clear in china mobile's numbers. you're really talking the increment above that sh

meanwhile, australian banks and telcos led support up .4 of a percent. this despite slightly slower gdp growth in q3. back to you. >> okay, sixuan. thanks for that. that's the latest in trading ahead of the u.s. open. let's remind you what's on the agenda today in the united states. we've got the november adp employment report. it's out at 8:15 eastern. forecast here called for an increase of 125,000 private sector jobs. it's lower than the 158,000 we got in october. at 8:30, we'll get revised third quarter productivity, which is expected to grow 2.8% versus the initial estimate of 2.2. unit labor costs falling by 1%. and then at 10:00 a.m., we have the november ism services index out. will it be a bit spooky? looking for a 53.5, which would be down nearly a point from october. at the same time, we also get october factory orders. they're expected to sleep .1%. quite a lot to get to. president obama is speaking to the business council in washington at 10:45 eastern as he pushes for a budget plan to avoid the fiscal cliff, that includes high tax rates for