Jim Cramer answers viewers’ Twitter (TWTR) questions from the floor of the New York Stock Exchange. Cramer started out this round of Twitter questions by answering people’s questions on the recent Iran deal and what that means for oil prices. Cramer thinks ‘the Iran deal is built in’ to the price of oil and that ‘the issue here is demand,’ which he believes will pick up. Cramer goes on to say that, ‘those that think that Iran is just going to be able to start pumping like mad don’t understand the infrastructure,’ saying that ‘Iran is not going to be able to turn the spigot on.’ Cramer thinks that oil is bottoming here and that supply will be down, although not dramatically, and that a lot of other countries are not pumping nearly as much as they used to. On the topic of Netflix (NFLX), Cramer said, ‘Netflix is about subscriber sign-ups and no longer earnings.’ He thinks the sign-ups will remain robust but ‘more importantly, they have a terrific movie slate and that will drive people to sign up,’ Cramer said. Switching to Johnson & Johnson (JNJ), Cramer said that his charitable portfolio, Action Alerts PLUS, owns Johnson & Johnson because the stock is inexpensive and he thinks that ‘if they get the rest of the company right, it can go much higher’ but that the company’s recent earnings report was a disappointment for the Action Alerts PLUS portfolio. Cramer assures viewers that the Action Alerts PLUS portfolio will not be dumping Johnson & Johnson despite the upsetting earnings. If you have a stock question, tweet it @jimcramer using #CramerQ.
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