This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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

NEW YORK ( TheStreet) -- On Monday's CNBC Stop Trading! segment, Jim Cramer sided strongly with Professor Jeremy Siegel at the University of Pennsylvania's Wharton School, who sees no risk of a "double dip" recession. This opinion clashes with that of another well-respected professor -- Yale University's Robert Shiller -- who believes there to be a significant risk of a double dip.

Cramer, on Stop Trading!, said he genuinely believes that there's been a real turn in the housing market and industrial America -- noting that when he sees what's been going on in the commodities markets and retail sales, he's convinced that the economy has bottomed out. "I think people do feel better about themselves" these days, Cramer said, adding that there are growing signs that people are going out more these days and spending more money.

However, Cramer says he can understand why people might not believe the recession is really over, even if he disagrees with them. "I think it's the psychological that clouds the picture," he explained.

On Monday, Cramer picked up on an article by AdAge, reporting that AT&T (T - Get Report) is apparently reconsidering its aggressive ad battle with Verizon (VZ - Get Report) Wireless, and that Verizon might in turn have to do the same.

Cramer referred to the article with what sounded like a bit of relief. The ad battle was "very destructive for the stocks," he explained. "This war has defined these two stocks on Wall Street" and, because of that, "no one really wanted to touch these two stocks." He called their ad war a "death match."

Meanwhile, amid the flow of tobacco news trends, Cramer on Monday said he likes Altria (MO - Get Report) and complimented the company's "very good acquisition" of UST and its smokeless tobacco assets, whose completion was announced in January 2009.

-- Reported by Andrea Tse in New York

Follow on Twitter and become a fan on Facebook.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
MO $63.12 0.00%
T $39.10 0.00%
VZ $51.32 0.00%
AAPL $93.64 0.00%
FB $118.57 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs