Cramer's Stop Trading!: GM, Ford, Verizon

NEW YORK (TheStreet) -- On his Monday Stop Trading! segment on CNBC, Jim Cramer said Ford(F) has had a fantastic quarter and that its credit ratings will continue to improve.

Cramer added that he likes Ford's preferred stock because of its "gigantic" dividend.

However, "If you're a shareholder, you'd like to see unions take a much smaller slice of the pie," Cramer said. "A big open question that needs to be addressed is labor."

Meanwhile, Cramer refered to Ford rival GM as a China play. GM's chief executive, Ed Whitacre, "is a no-nonsense guy that you want to bank with," Cramer said. At the same time, "[Ford CEO] Alan [Mulally] is the best turnaround artist." He marveled at how two of the best CEOs in America are now in Detroit.

Two telecom stocks Cramer likes right now include Verizon(VZ) and AT&T(T), which are "both doing very well."

"I'm a Verizon user, so I'll get the Droid," Cramer said. "While there is envy with the iPhone, the Droid is just blowing off the shelves." Verizon, he added, had a "fantastic" quarterly earnings conference call. "The numbers were beautiful."

Cramer also said that United Technologies(UTX) had a great quarter and that FedEx(FDX) had an "interesting" one. The company raised its guidance, Cramer noted, which partly indicates that the mood, particularly in Europe, has improved.