Jim Cramer: Sears, Chevron, Nokia, Bank of America, Citigroup

Investors should buy shares of companies with strong stock-repurchase plans to lessen losses during market volatility, Jim Cramer said on his ``Mad Money'' television program on CNBC.

Cramer said Sears Holdings Corp. is his top buyback company, followed by Chevron Corp., Bank of America Corp., Citigroup Inc., CBS Corp., News Corp. and Nokia Oyj.

``There's a good chance volatility will cause you to sell at the bottom,'' said Cramer, a market commentator and former hedge-fund manager. ``One thing that could protect you from the downside is a stock with an effective buyback.''

Cramer listed seven more stocks with buyback plans, including Amgen Inc., Home Depot Inc., Johnson & Johnson, McDonald's Corp., PepsiCo Inc., Texas Instruments Inc. and Time Warner Inc.

Cramer recommended BE Aerospace Inc., Brocade Communications Systems Inc., CACI International Inc., Crystallex International Corp., EarthLink Inc., Finisar Corp., Freeport-McMoRan Copper & Gold Inc., Halliburton Co., Immucor Inc., Kinder Morgan Inc., Yahoo! Inc. and VeriFone Holdings Inc. in response to questions during the show's ``Lightning Round'' segment.

He also told viewers to avoid Dynamic Materials Corp., Sirius Satellite Radio Inc., Suntech Power Holdings Co., DynCorp International Inc. and United Online Inc.

Cramer said he owns Sears and Halliburton for his charitable trust.

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