Mad Money with Jim Cramer

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Verizon Communications (VZ)

When Cramer highlighted Verizon on July 12, the stock had fallen 15% over the first six months of 2010. They may come as little surprise given that telecommunications was the S&P 500’s worst-of-the-worst sector over the same time period, but Cramer is expecting a turnaround here, at least for Verizon.

He said the company holds “huge opportunities” in the wireless space, where it owns 55% of the second-largest carrier in the industry, Verizon Wireless. And with the “reaffirmed rumors” that the company will start selling the Apple iPhone in January 2011, “I think … Verizon should lead the industry in terms of market share gains,” given how much of a game-changer the handset was for AT&T.

And that’s not even taking into account smartphones as a whole. Only 17% of the company’s wireless subscribers own true smartphones, leaving open a huge opportunity for revenue growth as they make the switch.

Click here for more on Verizon.

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