Jim Cramer answers viewers’ Twitter (TWTR) questions from the floor of the New York Stock Exchange. In response to one viewer who asks how strong the effects on European banks will be if Greece defaults, Cramer warns it will be very bad and that’s why he urges investors sell Deutsche Bank (DB), even though the firm probably doesn’t have a ton of exposure. He explains that a lot of companies are going to take a hit with Italian banks being the most exposed. He stresses that investors have to be very careful with European banks — and he doesn’t like them at all. Another viewer asks for insight on Bed Bath & Beyond (BBBY) and asks if it is poised to move into a big growth period in light of housing. While Cramer acknowledges that he understands that theoretically that rationale makes sense, he explains that Bed Bath & Beyond is stuck in situation where the company is moving a lot online and is being squeezed by Target (TGT) and Walmart (WMT). Instead, he urges investors to play housing through Target. He also says you can play housing through Costco (COST). Cramer says investors are fleeing Costco because the momentum, the chart and the stock are so bad — but that’s precisely what makes him want to rush in. He thinks it’s at a good level right here. If you have a stock question, tweet it @jimcramer using #CramerQ.
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