Cramer's 'Stop Trading': EOG, Jones, AT&T
NEW YORK (
) --
EOG Resources
(EOG) - Get Report
failed to impress investors with its fourth-quarter results, and Jim Cramer said, during Wednesday's "Stop Trading!" on CNBC on Wednesday that he would wait until tomorrow to make a decision on buying the stock.
Cramer noted that EOG Resources reported drilling costs that were higher than expected.
Jones Apparel
(JNY)
, on the other hand, is managed incredibly well from a financial standpoint, Cramer said.
The retailer, which owns Anne Klein and Nine West among other brands, is closing stores that are underperforming. "Most retailers have such big egos that they won't admit when a store isn't delivering," Cramer said.
Jones, though, is cleaning up its balance sheet, which investors were worried about last year. As a result, Cramer said the stock is a buy.
As for
TheStreet Recommends
AT&T
(T) - Get Report
, Cramer believes it can be a dominant company once it invests in its system and builds more towers.
Still, Cramer prefers
Verizon
(VZ) - Get Report
, which
is
already spending money to upgrade its system and has the cash flow to offer a dividend.
-- Reported by Jeanine Poggi in New York.
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