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Investors Should Still Own Yahoo Even if it Has to Pay Taxes on Spinoff: Cramer

July 11, 2023
in Trade Tube
Reading Time: 1 min read
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Jim Cramer says Netflix (NFLX) is a stock to own but at its current levels it’s best to buy some shares but wait for a dip to buy more. Cramer says Yahoo (YHOO) is a buy even if it has to pay taxes on its spin-off of Alibaba (BABA). But Cramer finds LinkedIn (LNKD) problematic in the short term, although he likes the company longer term he sees no catalyst to buy it now. When asked about Altria (MO), Jim says the company has momentum but he’s not a fan of tobacco stocks. He says Exxon Mobil’s price to earnings level is high and instead investors should look at Cimarex (XEC). Cramer says Shake Shack (SHAK) is a momentum play that is hard to value, like Amazon (AMZN) and Tesla (TSLA).

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