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Sprint Nextel Corp. (NYSE:S) has begun to expand its 4G LTE network as quickly as possible. Last month, Sprint announced that it intended to introduce LTE to 22 more U.S. markets over the next few months, and now, it will add an additional nine U.S. cities to the list. The nine new cities gaining Sprint’s fast 4G LTE include; Minneapolis/St. Paul, Minnesota; Oakland/Fremont/Haward, California; Key West, Florida; Fort Smith, Arkansas; Michigan City/La Port, Indiana; Bloomington, Indiana; Eau Claire, Wisconsin; Ardmore, Oklahoma; and McAllen/Edinburg/Mission, Texas.
Verizon Communications Inc. (NYSE:VZ): Wednesday’s market averages saw a large drop on what seems to be even more gridlock from Washington, and Cramer stated, “There’s no hurry to put money to work in this market — and for some stocks it’s already too late to sell. As the scenario plays out, the market will eventually stabilize — and when that happens, investors need to be ready to buy, as the lows were the perfect time to buy last year.” Cramer claimed that some stocks, like Coca-Cola (NYSE:KO), along with General Mills (NYSE:GIS) and ConAgra (NYSE:CAG), all appear to be stabilizing and the could be the first stocks to turn positive. As input costs drop, the stock continues to be successful. Also attractive are dividend stocks, stocks that had great yields that are now even better with even bigger yields. This includes Verizon, which has seen a drop from $47 a share to $42 a share, sending its yield to about 5 percent. Cramer stated that he would be a buyer at 5 percent, and he would buy even more at 5.5 percent and 6 percent if shares dropped that far.
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MetroPCS Communications, Inc. (NYSE:PCS): Acme Packet (NASDAQ:APKT) stated that MetroPCS (NYSE:PCS) deployed Acme Packet’s Net-Net Session Director as a means to support the world’s first commercially available Voice over LTE, or VoLTE, service that was launched in August 2012, along with MetroPCS’ recent launch of Rich Communication Services, or RCS.
Level 3 Communications Inc. (NASDAQ:LVLT): A federal judge finally approved on Wednesday to a $3.79 million class action settlement concerning claims by thousands of Kansas landowners against three of the largest telecommunications companies in the nation in a property rights dispute regarding the installation of fiber optic cable on railroad rights of way. U.S. Magistrate Judge Kenneth Gale’s ruling affects nearly 3,700 Kansas landowners with property adjacent and underlying the railroad rights of way. Beneath the settlement’s terms, over $2.4 million in benefits is to be available for landowners, and $1 million more is to be directed toward attorneys’ fees and $321,000 pays administrative costs. The federal lawsuit in Kansas was filed in 2010 against Sprint Communications Co., Qwest Communication Co. and Level 3 Communications.
Clearwire Corporation (NASDAQ:CLWR): An investor keeps hope in Clearwire, which already saw a 61 percent boost since the beginning of October. optionMONSTER’s Heat Seeker monitoring system noticed the purchase of 19,500 January 2.50 calls for $0.30 along with the sale of an equal number of December 2 calls for $0.37. Volume was lower than open interest in the December options but not the January contracts, which suggests that an existing position was transferred to one contract to the other. The investor collected a credit of $0.07, and it possesses another month to profit from upside in the wireless-broadband stock. Additionally, the investor also raised the break-even price by $0.50.
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