The shares were mixed on Friday after a sell-off that sank both shares and treasury.
TheStreet’s Katherine Ross and Jim Cramer discussed the latest news in the stock market. Cramer spoke Friday about Twitter’s share, the Fisker-Foxconn deal and markets.
Twitter: Buy or Sell?
Twitter (TWTR) – Get report Shares rose Friday after Goldman Sachs (GS) – Get report analyst Heath Terry lifted its share price target for the social media platform following Twitter’s clumsy investor day offer on Thursday.
The company predicted that its annual revenue would double by the end of 2023 and increase its user base to 315 million daily active users.
Cramer said Twitter reached its all-time high yesterday and is considering buying the stock for Action Alerts PLUS.
Fisherman: buy or sell?
Shares of Fisker (FSR) – Get report rose Wednesday after the electric carmaker said it had signed a deal to make a new vehicle with Taiwanese electronic contract maker Foxconn.
Cramer said Fisker offers the best design and gives people cars they really want. “Fisker has important car collectors like Magna (MGA) – Get report and now Foxconn and they make cars as beautiful as Telsa (TSLA) – Get report, may be better than Tesla in some ways, but much cheaper than Tesla. ‘
Markets on Friday
Cramer said that when spreading vaccines, something should be done about interest rates because you do not take the rates to zero when a pandemic starts and then keep it there when the pandemic ends.
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