Cramer's 'Stop Trading!': Viva Verizon

Jim Cramer likes its yield and its 'monster good quarter.'
Author:
Publish date:

"We need to get the banking system out from under. I think it's happening," said Jim Cramer on Monday's "Stop Trading!" segment on CNBC.

He said he didn't find fault with the announcement that the Treasury is going to invest in

City National Bank

(CYN)

. CEO Russell Goldsmith is "a very straight shooter," Cramer said. "He's just a really good CEO, and he's willing to tell it like it is."

Today Cramer looked to

Verizon

(VZ) - Get Report

and the pharmaceutical industry for opportunity. "When you get a yield that is 6.5% to 7%," he said, "Verizon suddenly becomes a bond with upside." The same goes for

Pfizer

(PFE) - Get Report

, he said. "I think Pfizer is becoming a great bond."

He said Verizon had a "monster good quarter," and Chairman and CEO Ivan Seidenberg "is money. He is money."

Cramer reminded viewers that Donald Trump was the first person to call a depression. Now he's speaking out again, said Cramer. "He now, unlike everybody else, is saying, 'We are close to where things make sense.'"

At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click

here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click

here to order his book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.