RealMoney Radio: Verizon Opportunity Calling

Cramer says this stock should not have sold off Monday.
Publish date:

There's opportunity knocking right now in


(VZ) - Get Report

, 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.

BE Aerospace


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


(BA) - Get Report



"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

(PG) - Get Report

, 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.

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 He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, 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

clicking here. 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