Stop Trading: Jim Cramer Decidedly Impressed By F, VZ And T

In his Monday’s Stop Trading! segment on CNBC, Jim Cramer mentioned that Ford’s (NYSE: F) latest quarter was impressive and the company’s credit ratings will continue to improve.

Cramer disclosed his liking for Ford's preferred stock as it offers "gigantic" dividend. He added, however, that "If you're a shareholder, you'd like to see unions take a much smaller slice of the pie… A big open question that needs to be addressed is labor."

Jim called Ford’s rival GM as a China play. According to him, GM's chief executive, Ed Whitacre, "is a no-nonsense guy that you want to bank with." Meanwhile, "[Ford CEO] Alan [Mulally] is the best turnaround artist." He commented that it was amazing how two of the best CEOs in America are currently in Detroit.

Cramer named Verizon (NYSE: VZ) and AT&T (NYSE: T) as its favorite telecom stocks as both of them are "both doing very well." He disclosed that he is a Verizon user and hence, will opt for the Droid, which is seeing high demand. He added that VZ’s numbers for the second quarter were impressive.

Jim mentioned that United Technologies (NYSE: UTX) and FedEx (NYSE: FDX) had a great quarter. He said that raising of guidance by FDX is indicative of improving mood in Europe.

Among the tech stocks, Cramer recommended VMware (NYSE: VMW), which he said is "just on fire ... they think that Ireland was very strong for them; France was strong for them."

Cramer said that there is strength in the metering business and named Honeywell (NYSE: HON) and Eaton (NYSE: ETN) as big players in this business.

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