The strong earnings morning as Verizon VZ, Procter & Gamble PG, and United Technologies stepped up to the plate.
- United Technologies Rises After Topping Earnings and Sales Forecasts
- Verizon Beats Q1 Earnings as Wireless Revenue Hits $22.7 Billion
- Procter & Gamble Beats Q3 Estimates, Boosts 2019 Guidance, as Organic Sales Rise
The earnings parade was among the topics in todays Cramer Live with Jim Cramer, TheStreet's Founder and Action Alerts Plus Portfolio Manager. Watch the video above for his take on the company's results.
Editor's Note. Zev Fima, Action Alerts Plus Analyst stepped in today for host Katherine Ross.
Zev Fima, Action Alerts Plus Analyst says, "...we have a lot of bellwethers reporting today."
Jim Cramer, TheStreet Founder and Action Alerts Plus Portfolio Manager says, "UTX, Procter & Gamble, Verizon.... I mean, I can't believe how good he (Greg Hayes, United Technology CEO)...Pratt and Whitney (a subsidiary of UTX). That's a pickup and after very bad, a very bad month of March. It's great numbers in China and it's just a huge number of people flying. It is fantastic story.
Procter & Gamble Is a Buy
Cramer says, "Procter.... It's been the hottest one. Use any weakness to buy. That would be our orientation for Action Alerts. I would actually buy it right here. Is that commodity prices coming down and pick off the double whammy? Positive and commodity prices come down and they didn't emphasize it. Who would? Because they want to keep the price points up as does Kimberly-Clark (KMB) - Get Report and then grooming is amazing. I mean you, you, your beauty is great. "
Cramer says, The problem with Verizon is John Legere, T-mobile CEO is kind of like a Darth Vader, you know to them he's tough. He' e goes after it... Don't go against, don't go against John Legere. He's tough. He'll make mincemeat out of you.