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Enter Symbol:
 
Verizon Communications Inc. (VZ) [hlAlert]

Rating:
Buy VZ
up 32.19 %

Jim Cramer's Top Dow Picks for 2011: Verizon(VZ)

Posted on: Saturday,  Dec 25, 2010  7:43 AM ET by Jim Cramer's top 10 Dow stocks for 2011

Jim Cramer's top 10 Dow stocks for 2011 rated Buy Verizon Communications Inc. (NYSE: VZ) on 12/21/2010, when the stock price was
$34.94. Since then, Verizon Communications Inc. has gained 32.20% as of 08/27/2015's recent price of $46.19.
If you would have followed this Jim Cramer's top 10 Dow stocks for 2011's recommendation on VZ, you would have gained 32.19% of your investment in 1710 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 expects the Dow to hit 13,365 next year-- a 16% gain from current levels and a bountiful return -- based on a prognostication of the performance of the individual members of the venerable index. Although I am a bottoms up guy, as a backdrop I am presuming a resumption of decent U.S. growth courtesy of the Federal Reserve -- call it 3% to 4% -- continued worldwide growth, a stable-to-slight decline in the dollar and a decent increase in interest rates (30-year Treasury bond going to 4.8%) as befitting a return to economic health.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/21/2010 4:00 PM Buy
1 year
34.94
as of 12/31/2010
1 Week down  -1.38 %
1 Month up  0.02 %
3 Months   
1 YTD up  0.02 %

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