NEW YORK (TheStreet) -- Jim Cramer said on his Stop Trading! segment on CNBC Thursday that the issues investors really care about right now are Research In Motion( RIM), AT&T (T) - Get Report vs. Verizon (VZ) - Get Report and the GM IPO.

Cramer said he believes that the war between Verizon and AT&T will not end until Verizon gets the iPhone. Cramer also reiterated his belief that Research In Motion is not a good stock, despite the fact that people "really care" about it.

Regarding the impending GM IPO, Cramer said President Obama still has an opportunity to make sure that everyone -- not just executives, investment bankers and "fat-cat clients" -- reaps the rewards of the plan. Cramer thinks the President has the opportunity to head off major GM-IPO related problems. "This is a major opportunity for the president and I sure hope he doesn't blow it."

Cramer's declared that his trade of the day is

P&G

(PG) - Get Report

. Although P&G just reported a quarterly miss, Cramer believes that it looks good next to

Unilever

(UL) - Get Report

and

Colgate

(CL) - Get Report

.

"P&G was the king here," Cramer said.

Cramer's Stop Trading! Owens Corning

Click here for Cramer's Wednesday's Stop Trading! segment

-- Reported by Andrea Tse in New York

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