Jim Cramer made the following calls on July 12th, 2013. What do you think about his picks?
Verizon Communications Inc. (NYSE:VZ): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on April 18, 2013. The stock’s 52-week high is $54.31, and its 52-week low is $40.51.
Mad Money’s host was very skeptical of Verizon’s earnings this week, telling viewers that he would sell. Verizon currently has a massive iPhone sales obligation to Apple (NASDAQ:AAPL) which it may be unable to meet, something that could result in penalties from the the tech giant.