Cramer's Stop Trading! Prudential's Imprudent Move (10/6/10)

|
 |  Includes: AAPL, AMT, FDO, PRU, T, VZ
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Program, Wednesday October 6.

Verizon (NYSE:VZ), Apple (NASDAQ:AAPL), AT&T (NYSE:T), American Tower (NYSE:AMT), Family Dollar (NYSE:FDO), Prudential (NYSE:PRU)

Cramer thinks Apple (AAPL) is a buy off of the news Verizon (VZ) will carry the iPhone, and Cramer sees Apple going to $300. Even though AT&T (T) is no longer the exclusive seller of iPhone handsets, Cramer thinks AT&T is still a buy, if only for its 5.8% dividend. American Tower (AMT) is another good iPhone stock.

Family Dollar (FDO) is a good play on the rise of food stamps and the trading down of the middle class consumer. Cramer is not happy that Prudential (PRU) is making an equity offering that will be dilutive to its share price. However, he is still a believer in Prudential for the long-term.

::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

Jim Cramer was up 31% in 2009. Click here now to sign up for Jim's Action Alerts PLUS and trade alongside him. Special discount for Seeking Alpha users.

Get Cramer's Picks by email - it's free and takes only a few seconds to sign up.