Jim Cramer answers viewers’ stock questions from the floor of the New York Stock Exchange. He weighs in on Twitter (TWTR), which one viewer notes seems to present minimal risk and potentially massive reward at $37. Cramer says he believes the stock could trade down to $34 or $35, at which he would like to double down for his Action Alerts PLUS charitable trust portfolio. He also explains his stance on retail, explaining that companies which sell hard goods, especially that go into housing, will ultimately win. However, he wants to stay away from apparel stocks, which he calls ‘day-to-day’ and is a concern. One exception to that rule is Urban Outfitters (URBN), which Cramer believes offers investors a good opportunity to start a position if they wait until tomorrow.
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