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Jim Cramer Says All New People Should Be Brought in at Twitter

July 8, 2023
in Trade Tube
Reading Time: 1 min read
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Jim Cramer answers viewers’ Twitter (TWTR) questions from the floor of the New York Stock Exchange. Jim said there’s a big short raid on stock of Kinder Morgan (KMI) after a series of negative articles saying there’s trouble at Kinder. Jim doesn’t think there is, noting his Action Alerts PLUS portfolio had a nice gain from Kinder, but he’s trying to get more yield so he added Energy Transfer Partners (ETP). A viewer asked Jim if ‘Star Wars’ has been totally priced into stock of Disney (DIS). Jim said a decline in the market is an opportunity to buy Disney, and added the selling linked to Greece worries provides a buying opportunity in some names, like Disney. Jim was asked if Twitter (TWTR) is a good buy, and he said everyone is saying that, but he’s appalled after a CNBC interview last week with Twitter’s incoming interim CEO Jack Dorsey and the outgoing CEO Dick Costolo. On CNBC, Dorsey said he believes in the company’s current strategy and Costolo said he would stay on the board because he loves working at the company. Jim said ‘these guys really don’t get it at all.’ Jim said Twitter’s Costolo has to go, and the company shouldn’t bring back Dorsey, who was a co-founder of the company. Send your Twitter questions each day to Jim using #CramerQ.

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