Cramer: 2 Telco Toros With Big Dividend Yields
“I think AT&T and Verizon are in bull market mode now,” Cramer said during Tuesday’s Stop Trading!. “They’re unstoppable.”
While AT&T and Verizon are “boring” stocks, Cramer said, reiterating his call on Monday, they both offer better dividend yields than US Treasurys. He also thinks the dividends are “going higher.”
The stock to watch during the American Society of Hematology conference is Cephalon , Cramer said. He pointed to the company’s first-line treatment for non-Hodgkin’s lymphoma, saying that the drug isn’t yet priced into the stock. Admittedly, Cephalon has been “a real dog,” the Mad Money host said, but “maybe it’s time to cycle back,” especially given the company's solid history of execution.
“I like the stock here,” Cramer said.
Lastly, Cramer has taken a new look at New York Community Bancorp now that the stock is trading below its $13 expected secondary offering price. On Monday, he said he preferred First Niagara Financial to NYB, but he’s “warming up to it” because the bank has boosted its capital reserves.
“Now it looks like on a broken deal,” Cramer said, NYB “gets more interesting.”
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