Jim Cramer is the host of CNBC’s Mad Money and chairman of TheStreet.com. In 1987, Cramer started his own hedge fund and returned an average of 24% per year between 1987 and 2001. Cramer also authored six money management books.
During the last week, his favorite buy recommendations (10 stocks that are recommended in at least two separate shows) on Mad Money were as follows:
1. Verizon (VZ): Cramer recommended Verizon twice in the past week. In light of recent labor problems, Cramer said that Verizon needs to remove the costs of operating landlines, as they are not making the money Verizon needs them to in order to justify operations. This telecommunications stock received a buy recommendation from Cramer because of its 5.8% yield as well as his belief that Verizon will come out on top with their labor issues.