Subscribe in a reader
Subscribe by Email
In the graph below, you can see that Jim Cramer didn't jump on the AT&T (T) bandwagon until July 2006 when the stock really began to take off, after it hadn't participated in the impressive returns of the overall market in 2003 and 2004. On October 20, 2006, Cramer declared AT&T (T) was breaking out. Since then, the stock has made off with a 20% gain on top of the already large yield of nearly 4%, beating the S&P 500 gain of 7% for that time period. On 5/1/2007, Cramer suggested Verizon (VZ) was the better telecom stock, but confirmed both as favorites during the 6/20/2007 lightning round. It is also one of Cramer's best-of-breed stocks.
2 comments:
Did Cramer also predict that AT&T would utterly F-up the iPhone launch and leave hundreds of thousands of us stranded with a non-working $600 brick?
No, but as an AT&T stock owner (and an Apple hater) I thank you for your money. :)
Post a Comment