Stocks were mixed on Friday after a selloff that sank both stocks and Treasuries.
TheStreet’s Katherine Ross and Jim Cramer talked about the latest news in the stock market. Cramer spoke about Twitter stocks, the Fisker-Foxconn deal and the markets on Friday.
Twitter: Buy or sell?
Twitter (TWTR) – Get report shares rose on Friday after Goldman Sachs (GS) – Get report Analyst Heath Terry raised his share price target for the social media platform following Twitter’s bullish investor day presentation on Thursday.
The company predicted that it would double its annual revenue by the end of 2023 and grow its user base to 315 million daily active users.
Cramer said Twitter reached its all-time high yesterday and that it was considering buying shares for Action Alerts PLUS.
Fisker: Buy or sell?
Fisker shares (FSR) – Get report It rose on Wednesday after the electric car maker said it signed a deal to make a new vehicle with Taiwanese electronics contract maker Foxconn.
Cramer said Fisker offers the best design and gives people the cars they really want. “Fisker has key car assemblers like Magna (MGA) – Get report And now Foxconn and they make cars as beautiful as Telsa (TSLA) – Get report, it may be superior in some respects to Tesla, but much cheaper than Tesla. “
Markets on Friday
Cramer said that as the launch of the vaccine spreads, something needs to be done about interest rates because rates don’t go down to zero when a pandemic starts and then stay there when the pandemic ends.
Neither of these are key values at Jim Cramer’s Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells the stock? Find out more now.