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Verizon Is a Powerhouse — Jim Cramer Reveals Why

Although expectations appeared lower for Verizon Communications Inc. (VZ) , that didn't stop investors from making it one of the best performers in the S&P 500 Thursday, with shares climbing almost 8%.

The company reported in-line earnings results and beat on revenue expectations. Verizon added 614,000 net retail postpaid subscribers. Could it be that consumers are waiting idly for Apple's (AAPL) new iPhone? "That's a good thesis," TheStreet's founder Jim Cramer, who also manages the Action Alerts PLUS...