There's opportunity knocking right now in
, Jim Cramer said on his
"RealMoney" radio show Monday.
This stock is down, but it shouldn't be, he said.
Back in 2002, market players were concerned about Verizon's "ability to survive," Cramer said. "Land-line losses, wireless competition, no hope against cable, plus big pension expenses all told us that this company could be a goner."
In addition, there was concern regarding Verizon's dividend, even though the company was boosting it, he said.
Today, at $37, Verizon is a company with "a 4.5% yield and great growth prospects," and the stock is about to turn and go higher.
It's been sold Monday on "pure profit-taking" following its earnings report, and just like
, is "kicking butt," Cramer said.
For a long time, wireless was a bad business as there was too much competition in this area, but now there are "really terrific" sales and "very good profits" at Cingular and Verizon, he said.
After a lot of consolidation in this area, these are the only two players in wireless and with a big dividend boost coming in next year, people should want to be in Verizon, Cramer said.
reported a "fantastic" quarter this morning, but every time this company's stock gets moving, "people freak out," Cramer said.
However, no aerospace company, whether it be
"can stop this company from advancing," he said. "Maybe this time BE Aerospace will get some respect."
If you own it hold it and if you don't own it, wait for a pullback and then pull the trigger, Cramer suggested.
Procter & Gamble
, which "has been up, up and away," has a point or two left, but also has a point or two downside, he said, warning market players to be careful with the stock.
If people bought it on Cramer's recommendation, they should be up 13 points and should avoid being too greedy, he said.
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