Jim Cramer Discussed These 10 Stocks, AI Power Demand & Healthcare

8. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders In Q3 2024: 57

Verizon Communications Inc. (NYSE:VZ) is one of the largest telecommunications companies in America. Its shares have lost 3.5% over the past year as a slow phone upgrade cycle due to inflation-constrained consumer spending and slow wireless equipment sales have led to the firm missing several quarterly earnings estimates. However, the tale turned in January when Verizon Communications Inc. (NYSE:VZ)’s shares jumped by 2.8% after the firm added 568,000 wireless subscribers in Q4 to beat analyst estimates of 487,500 and mark the highest quarterly growth in five years. Cramer, however, believes that the results were insufficient to drive the shares higher:

“[Commenting on Verizon stock jumping after earnings] On that number!”