Jim Cramer on Verizon: “Too Hard to Figure This One Out”

Verizon Communications Inc. (NYSE:VZ) is among the stocks Jim Cramer reviewed while discussing the Iran ceasefire that triggered a relief rally. Cramer noted that it is “too hard to figure this one out,” as he remarked:

Now, lots of things are loved on an update, but as you imagine, there are not a lot of hate spread around, and when you find it, let’s just say it’s eye-opening, maybe eye-popping. Some of these losers are real obvious… Verizon’s right there. Too hard to figure this one out. Might be connected to the coming IPO of SpaceX, which owns Starlink.

Photo by Adam Nowakowski on Unsplash

Verizon Communications Inc. (NYSE:VZ) provides wireless, broadband, and wireline services. The company offers mobile connectivity, fixed wireless access, fiber-based products, and related devices for consumers. In addition, it delivers networking, security, voice, IoT, and communication support services. A caller asked for Cramer’s opinion on the stock during the April 6 episode, and he responded:

Well, I mean, I gotta tell you, Verizon’s actually got some game here. It’s got a new CEO. It’s starting to move up. I care for Verizon. I think it’s well behind the market. I think you got a good idea. I’m not kidding. One of the best ideas around, frankly.

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