Buy Verizon

Verizon Communications is “a very strong buy,” Cramer said during Monday’s Stop Trading!, after reporting an equally strong quarter.

Wall Street tends to disregard Verizon’s earnings at first glance, he continued, switching to a more positive view after a second look. That would explain the stock's near 2% decine today. Cramer praised the company’s first-quarter numbers, pointing especially to wireless and FiOS, which happened even without the full integration yet of Alltel.

“The stock should be bought,” he said of VZ.

Another great earnings report came from Whirlpool. It was a “really good quarter,” Cramer said, considering the housing slump and overall underperformance of the economy.

“This is absolutely a sign that things are bottoming,” Cramer said, “particularly the reaction to the stock.”

WHR was up $3.64, or about 9%, with an hour left in Monday’s trading session.

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