announced that, contrary to what people were saying, the company is not in decline, Jim Cramer said on his
"RealMoney" radio show Wednesday.
Cramer said he was consequently struck at how positive the news was and the better-than-expected numbers the company talked about.
But then he read a business brief in
The Wall Street Journal
Wednesday morning which discussed the company's decline in international brewing because of problems in the U.K. However, after continuing through the paper, Cramer said he came across a story about how Anheuser-Busch stock went up 75 cents because it reiterated its long-term target for growth in earnings per share.
The stock is being hurt today because of the negative article, "but it is wrong," he stressed. The article warns of profit fall, but after doing your homework, you may find that this is not true, Cramer said.
"Buy it today, the press got it wrong," he said.
Another "bogus perception" going around is that
doesn't know what it's doing, Cramer said.
While market players think it's spending too much money supporting its wireless business and is moving too slowly, he said he does not believe this is true.
"Verizon is a low-risk stock to play some really terrific stuff," Cramer said.
First, its new mobile deal with
will allow kids to send YouTube videos to each other immediately and should be popular. Second, it has a great ringtone downloading business and a "terrific" dividend, he said.
"Verizon has a lot of places to win," Cramer said, urging people to take a hard look at it. "It represents a pretty good buy here."
Speaking of Bogus...
There are also several "bogus" explanations as to why there have been selloffs in the market recently, he continued, one of which is that oil is going up and could be hurting the market.
However, oil is up even more today and the market is rallying, Cramer said. "All these excuses are painful and wrong."
Rather, he believes there were several large hedge funds that engaged in an "incredible amount of shorting."
is up $2 today, but the word on the Street was that Japan, which is a big business for Tiffany, had gotten weaker. Therefore, on Monday a lot of hedge funds decided to go negative on it and sure enough, the Japan-based business was weak.
However, the U.S. business was so strong it offset the company's Japan-based business and now there is a "remarkable surge" in the market.
To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.
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. Listen to Cramer's RealMoney Radio show on your computer; just click
here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click
here to order Cramer's latest 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
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.