Jim Cramer Says “I Think You Can Do a Lot Worse Than Verizon”

Verizon Communications Inc. (NYSE:VZ) was on Jim Cramer’s Mad Money game plan for the week ahead. Noting that the stock has a 6% yield, Cramer said:

Monday’s tame. We hear from Verizon in the morning. It’s important to remember that owning a consistent performer away from tech is not a sin. Verizon gives you a 6% yield. The stock’s up nearly 14% year to date. I think you can do a lot worse than Verizon.

Stock market data. Photo by Photo by Alesia Kozik

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. Cramer expressed bullishness toward the company when a caller asked about it on April 6, as he said:

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.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.