Jim Cramer answers viewers’ Twitter (TWTR) questions from the floor of the New York Stock Exchange. The first Twitter question Cramer answered was regarding Ferrari, its valuation, and his view of Fiat Chrysler (FCAU) on the whole. Cramer says that with Chrysler’s Jeep brand doing well, the Ferrari spin-off underway, and good currency translation, ‘there seems to be a lot of good moving parts.’ Cramer added that he would like to see a merger between GM (GM) and Fiat Chrysler to limit the number of players in the field. Despite Fiat Chrysler’s good position, Cramer says that ‘in the end they are an auto company and the auto companies are just not doing well.’ Moving to telecomm stocks, Cramer responds to a tweet asking about Verizon (VZ), saying that Verizon is essentially a ‘bond equivalent with some upside’ but that he ‘cannot get very bullish about it.’ Changing gears, Cramer responded to an inquiry of his opinion of Twitter. ‘Stop saying that it is going to be taken over,’ Cramer said. ‘The companies that have been taken over are companies that are doing really well, not ones that are slowing.’ Cramer added that they have trimmed their position in Twitter in the Action Alerts PLUS portfolio but thinks that there will be something big for Twitter investors in October. If you have a stock question, tweet it @jimcramer using #CramerQ.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
