Jim Cramer answers Twitter (TWTR) questions from viewers on the floor of the New York Stock Exchange, and one focus was PayPal’s (PYPL) split from eBay (EBAY) today. Jim was asked whether to buy PayPal, and said he will be looking for $1.50 for earnings from the company after the split and he has bumped up his price target to a minimum of $50. Jim was also asked whether eBay might be the subject of a takeover from a company like Amazon (AMZN) or Alibaba (BABA), and said it’s always possible, but that’s not why you buy something. Jim said he doesn’t care for eBay, but he does think PayPal will rival Visa (V) and MasterCard (MA). Another viewer wanted to know whether Tesla (TSLA) should spin off its power division as an IPO. Jim said with Sun Edison’s (SUNE) merger of TerraForm Power (TERP) today, it shows you how powerful that group is. But he noted that Tesla is a cult stock, and people want to buy it regardless. Jim also said you shouldn’t jump in and buy Facebook (FB) at current levels and pointed out that Action Alerts PLUS has owned it since it traded in the mid-20s. Send your Twitter questions to Jim using #CramerQ.
More from Video
Amid the Selling, Here's the Big Question Now
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.