Real Money Radio: BUD's Good Brew

On Tuesday, Anheuser-Busch (BUD Quote) announced that, contrary to what people were saying, the company is not in decline, Jim Cramer said on his "RealMoney" radio show Wednesday.

Cramer said he was consequently struck at how positive the news was and the better-than-expected numbers the company talked about.

But then he read a business brief in The Wall Street Journal Wednesday morning which discussed the company's decline in international brewing because of problems in the U.K. However, after continuing through the paper, Cramer said he came across a story about how Anheuser-Busch stock went up 75 cents because it reiterated its long-term target for growth in earnings per share.

The stock is being hurt today because of the negative article, "but it is wrong," he stressed. The article warns of profit fall, but after doing your homework, you may find that this is not true, Cramer said.

"Buy it today, the press got it wrong," he said.

Another "bogus perception" going around is that Verizon (VZ Quote) doesn't know what it's doing, Cramer said.

While market players think it's spending too much money supporting its wireless business and is moving too slowly, he said he does not believe this is true.

"Verizon is a low-risk stock to play some really terrific stuff," Cramer said.