Jim Cramer answers viewers’ Twitter (TWTR) questions from the floor of the New York Stock Exchange. On news that Charter Communications (CHTR) agreed to spend more than $55 billion to acquire Time Warner Cable (TWC) in a deal valued at $78.7 billion, Cramer explains how to play both stocks. He says he believes the deal will work and that Charter is a very smart company. At this level, Cramer says investors would be buying Charter underneath where some hedge funds are getting it, so he believes it’s a buy. On the other hand, he says he recommends ringing the register and taking some profits in Time Warner Cable. Even though he believes Time Warner Cable will likely go higher as well, Cramer’s method is to take profits in the company that’s being acquired and own the acquirer itself. On the retail front, Cramer also weighs in on Michael Kors (KORS) and Abercrombie & Fitch (ANF), which he notes have been in downtrends. He maintains that the only apparel company he’s currently interested in is V.F. Corporation (VFC). Plus, Cramer gives his thoughts on the airlines and whether these stocks have hit their lows, specifically American Airlines Group (AAL). Tweet your questions @jimcramer using #CramerQ.
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