“This stock’s a buy,” Cramer said of JNY.
Cramer also highlighted BHP Billition , which reported “some unbelievable numbers about China.” He said the news made him “hopeful” about copper and iron prices. Also, management announced that China could still generate growth even if the country stopped its stimulus spending.
“I think that’s very important,” Cramer said.
If given the choice right now, Cramer would recommend Verizon Communications over AT&T . The latter continues to suffer problems with its network, as customers log complaints over dropped calls and slow service, not the least of which are from those using Apple’s iPhone.
Cramer said that if AT&T upped its capital expenditures, without sacrificing its dividend, to build a stronger infrastructure, then it “could be a dominant company again.” But that won’t happen until AT&T puts up more cell-phone towers. While Cramer said he is “not giving up the on the stock,” Verizon “is the winner” here. Its network is better and VZ has cash flows enough to keep boosting its dividend.
Lastly, Cramer urged patience when it comes to EOG Resources . The stock lost almost 7% on Wednesday after EOG reported disappointing earnings the day before. The poor numbers were unusual for the company, the Mad Money host said, as it’s typically best of breed in a hot group. But drilling costs were higher than expected, leaving Cramer to wonder if EOG’s assets were getting harder to reach That, of course, would be bad news for shareholders.
Should investors buy EOG on the dip? Not yet, Cramer said. Analysts often follow 5% declines with a downgrade the next day.
“Let’s wait until tomorrow to see what happens,” Cramer said.
Cramer's charitable trust owns Apple.
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