Skip to main content

NEW YORK (TheStreet) -- On Wednesday's "Stop Trading!" segment on CNBC, Cramer said that "100 chartists" had told him that AT&T (T) is at the "right level to buy the stock."

Cramer said he know he knows about AT&T's data problem -- "They have to put up more towers," he said -- but he liked the stock's yield and saw long-term potential. "You buy it, and if the economy comes back, you do well," he said. "In the meantime, you get a fantastic dividend."



raised its dividend, but in a way "I wasn't happen with," said Cramer. "It just shows you that this market is recognizing that it wants some touchstones."

He added that oil has been strong, but that with Conoco up 5 points, it's too high to buy. "People are being foolish buying it at this price," he said. "Wait till it comes in a little."

As for



, Cramer said it's back. "This is the old Costco," he said. "Costco deserves to sell at a healthy premium to the rest of the group. This is just the beginning of the move up."

Again, Cramer did not want to buy Costco up 5 points, but he anticipated a retail sales number tomorrow that would "give the retail analysts a good chance to just dump on the group." He said that "any decline on Costco would be a great opportunity."



is up 11 points, said Cramer, and breaking through its 52-week high. But he urged viewers to remember that Chairman and CEO Eric Schmidt "is probably the least promotional CEO in America," and Schmidt said that spending was back.

-- Written by Rebecca Corvino in New York.

(Editor's note: At the time of publication, Cramer had no positions in stocks mentioned for his Action Alerts PLUS charitable trust.)