Jim Cramer, TheStreet’s Action Alerts PLUS Portfolio Manager and host of CNBC’s ‘Mad Money’ said shares of Facebook (FB) will go to $120 a share. Cramer made the comment while answering viewers’ social media questions from the floor of the New York Stock Exchange on Thursday. Cramer said the stock is inexpensive, but if you don’t own it already, don’t chase it higher. He suggested buying shares on a pullback. Facebook is a big position in Cramer’s Action Alerts PLUS portfolio. He thinks the company can earn $4 a share in 2017, and its revenue is growing at 41%. A viewer asked Cramer’s thoughts on Kraft Heinz (KHC). Cramer said he needs to see the upcoming earnings report, and the company will be ‘magnificent’ once costs are reduced there. Another viewer asked if Cramer prefers Intel (INTC) or Pfizer (PFE) for the long term. Cramer said they are both inexpensive, with very good yields. He added that if Pfizer buys Allergan (AGN) he would vastly prefer Pfizer. He thinks the deal will happen, with a bid above $380 a share, and that’s why Allergan is a huge position for Action Alerts PLUS. Send your questions to Jim Cramer on Facebook or on Twitter to @JimCramer using #CramerQ.
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