"unbelievable quarter" makes it the best trade in the market, Jim Cramer said on
"Stop Trading!" segment Tuesday.
Qwest was recently up 48 cents to $8.28.
"Look how well it acts in a bad tape," Cramer said. "It'd probably be up a buck in a good tape." Cramer said Qwest CEO Dick Notebaert deserves the "congressional medal of turnaround" -- the company has great high-speed access, its acquisitions are already paying off, and it has completed a balance sheet cleanup.
Qwest is the "flipside of
," he added. "If Verizon didn't have that dividend, it would be 'Katie bar the door.'"
Elsewhere, Cramer said
is growing too quickly to trade at six times next year's earnings. "It's too cheap."
Cramer hailed good quarters at
, noting Coach CEO Lew Frankfort "called his shot" in previewing strength in a recent interview.
At the time of publication, Cramer had no positions in the stocks mentioned.
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