Cramer's 'Stop Trading': AT&T, Verizon

NEW YORK (TheStreet) -- AT&T's(T) service may be subpar, but Jim Cramer likes the stock -- or so Cramer said on his Tuesday "Stop Trading" segment on CNBC.

The wireless carrier is promoting its new Apple(AAPL) iPhone application called Mark the Spot, which collects users complaints about poor service like a dropped call or data failure. The app currently ranks as the No. 6 most popular iPhone tool.

Despite the issues surrounding AT&T's service, Cramer said during his "Stop Trading" that he likes the stock, as well as rival Verzion(VZ).

"I know they are boring, but they both have a nice yield," he said.

Cephalon(CEPH) is one of the standout stocks coming out of the American Society of Hematology (ASH) annual meeting. There is growing support for the company's Treanda as a new standard of care in first-line non-Hodgkin's lymphoma (NHL).

"Hystorically Cephalon has delivered numbers and new products and are non-promotional," Cramer said. "I like the stock."

Meanwhile, Cramer said not to touch New York Community Bancorp(NYB) yesterday, but he is warming up to the stock now that the deal is broken.

New York Bank has a 7.8% yield and the FDIC, Cramer says, did them a favor by giving them AMTrust.

-- Reported by Jeanine Poggi in New York.

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