Real Money Radio: BUD's Good Brew

First, its new mobile deal with YouTube will allow kids to send YouTube videos to each other immediately and should be popular. Second, it has a great ringtone downloading business and a "terrific" dividend, he said.

"Verizon has a lot of places to win," Cramer said, urging people to take a hard look at it. "It represents a pretty good buy here."

Speaking of Bogus...

There are also several "bogus" explanations as to why there have been selloffs in the market recently, he continued, one of which is that oil is going up and could be hurting the market.

However, oil is up even more today and the market is rallying, Cramer said. "All these excuses are painful and wrong."

Rather, he believes there were several large hedge funds that engaged in an "incredible amount of shorting."

For example, Tiffany (TIF Quote) is up $2 today, but the word on the Street was that Japan, which is a big business for Tiffany, had gotten weaker. Therefore, on Monday a lot of hedge funds decided to go negative on it and sure enough, the Japan-based business was weak.

However, the U.S. business was so strong it offset the company's Japan-based business and now there is a "remarkable surge" in the market.

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.