Was Jim Cramer Right About These 13 Stocks?

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1. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 75

Verizon Communications Inc. (NYSE:VZ) is a major U.S. wireless and telecommunications provider. At the time, Cramer expressed renewed confidence in the stock:

“I think it’s actually getting better […] It was just a couple of things that were dogging it […] I think it’s a good situation to buy a 6 and 1/4% yield with the stock at 42. I like Verizon.”

Verizon Communications Inc. (NYSE:VZ) has inched up 2.23% since that episode, slightly supporting Cramer’s cautiously positive take.

However, the host of Mad Money has recently changed his stance on the stock. Here’s what he said in March this year when a caller asked about his position:

“I want you to keep that position small because it’s terrible. Sorry, it’s true. I took a picture of a Verizon store last night and posted it on X. Verizon is not the stock it used to be. AT&T is the stock it used to be, but Verizon’s not. Verizon switched with AT&T. It’s like a man with two brains, and now he has one brain. The brain you want is AT&T, not Verizon.”

While we acknowledge the potential of VZ as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VZ but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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