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Verizon Communications Inc. (VZ) [hlAlert]

Buy VZ
up 44.52 %

Cramer's Top Five Dow Stocks: Verizon

Posted on: Saturday,  Jan 10, 2009  10:10 AM ET by Cramer Dow picks for 2009

Cramer Dow picks for 2009 rated Buy Verizon Communications Inc. (NYSE: VZ) on 01/06/2009, when the stock price was $31.96.
Since then, Verizon Communications Inc. has gained 44.52% as of 08/27/2015's recent price of $46.19.
If you would have followed this Cramer Dow picks for 2009's recommendation on VZ, you would have gained 44.52% of your investment in 2424 days.

Verizon Communications Inc. (Verizon) is a provider of communications services. The Company has two primary reportable segments: Domestic Wireless and Wireline. Domestic Wireless?s products and services include wireless voice, data services and other value-added services and equipment sales across the United States. Wireline?s communications services include voice, Internet access, broadband video and data, next generation Internet protocol (IP) network services, network access, long distance and other services. It provides these services to consumers, carriers, businesses and government customers both in the United States and internationally in 150 countries. In August 2008, Verizon announced that Verizon Wireless, a joint venture of the Company and Vodafone Group Plc, had completed its purchase of Rural Cellular Corporation, doing business as Unicel. In January 2009, Verizon Wireless completed its acquisition of Alltel Corporation from Atlantis Holdings LLC.

Jim Cramer is optimistic on the stock market for 2009. According to his analysis, the Dow Jones Industrial Average could produce a gain of 13.1% this year based on his predictions for the 30 components of the Dow. That’s not exactly a huge gain, but it’s also not something investors should sneeze at. Cramer thinks 2009 will be a tough year to call because he believes it will be split into two halves: the pre-bottom in housing and the post-bottom. Cramer hopes that President-elect Barack Obama will do whatever it takes to stimulate the economy and avoid 10% unemployment for the American workforce. However, if the economy falters and unemployment breaches 10%, then Cramer’s bullish view might not play out. Bottom line: Pay attention to unemployment and housing in 2009 because it will most likely determine the direction of the U.S. stock market. Recently, Cramer found some opportunities in infrastructure stocks that benefit from China’s stimulus plan, big drillers that could be short sales and his top five Dow stocks for the new year. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/6/2009 4:00 PM Buy
as of 12/31/2009
1 Week up  4.76 %
1 Month up  11.09 %
3 Months up  15.46 %
1 YTD up  9.35 %

(*) Stock Price at the time of the recommendation.
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