Cramer's Stop Trading! AT&T's Towers of Babble (2/10/10)

 |  Includes: AAPL, BHP, JNY, T, VZ
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Wednesday February 10.

Jones New York (NYSE:JNY), BHP Billiton (NYSE:BHP), AT&T (NYSE:T), Apple (NASDAQ:AAPL), Verizon (NYSE:VZ),

Cramer says Jones New York (JNY) is “incredibly well financially managed,” and praised management for closing underperforming stores and cleaning up the balance sheet. "This stock's a buy," said Cramer. He also praised BHP Billiton (BHP) for its "incredible" numbers that allayed fears about China and copper and iron demand. He said it was "very important" that the company said strong growth is likely in China even with its reduced stimulus spending.

Cramer prefers Verizon (VZ) over its rival AT&T (T) which has been having too many problems lately with its network. Complaints from Apple (AAPL) iPhone users over lost calls and slow service are too frequent, and Cramer would not be bullish on AT&T until it builds more cell phone towers while not letting an increase in capital expenditures threaten its strong dividend. While Cramer is "not giving up" on AT&T, he thinks Verizon is the superior stock right now.

EOG Resources (NYSE:EOG) suffered a 7% decline on a disappointing quarter. Drilling costs were higher than expected and Cramer cautioned viewers to wait and see if there is a downgrade on Thursday before buying the stock on its decline.


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