Cramer: Sell Verizon and UPS, and Buy UnitedHealth, U.S. Bancorp Instead
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.