Jim Cramer is watching Twitter (TWTR) as the social media giant releases earnings for its second quarter on Tuesday, July 28th after the market’s closing bell. Cramer says that people are ‘max negative’ on Twitter’s coming earnings numbers. However Cramer doesn’t seem to disagree with the negativity, saying, ‘I think you’re going to get a max bad quarter.’ Even though Cramer is expecting to see a bad quarter for Twitter, he is optimistic for its year-long potential. Cramer says that this is a situation where ‘the pipe of what Twitter wants to do in the second half is so good’ that if the stock were to drop down to the $30 to $31 range from its Monday open at $35, then investors would see a lot of buy-ins. Twitter is one of the stocks owned by Cramer’s charitable portfolio, Action Alerts PLUS. Cramer tells his viewers to also watch Gilead Sciences (GILD), which is also expected to report earnings after the market’s closing bell on Tuesday. Cramer is watching Gilead specifically because the company ‘is going to have to make a decision about what to do with all the cash’ seeing as how the company has been sitting on a large pile of cash with no acquisition targets in sight.
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