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Jim Cramer takes on Netflix revenue (and the other FAANG shares)




Jim Cramer is not surprised that Netflix (NFLX) hit earnings estimates on Thursday, assuming analysts like the recently upgraded stock are likely to put forecasts accordingly.

"I mean, would all these analysts really upgrade [Netflix] and would they tell you to raise [price targets] and then turn you into the quarter? I don't think so," Cramer said earlier Thursday in a live conference call with members of his Actions Alerts PLUS Club for Investors

Cramer used the call in part to give his latest views on the so-called FAANG shares – Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix and Alphabet / Google (GOOG),

Cramer said his trust considered selling some Facebook shares on Thursday, but decided not because "we think it's cheap, [and] we think I'm still having a lot of business. But most importantly, we have not had any headline risk, and this is a "headline risk" stock. »

The expert explained that while Facebook has suffered from bad headlines over the past few months over Russia's alleged use of the platform to affect 201[ads1]6 US elections, investors have" all become exhausted "about such stories.

"Would the stock be higher if they kicked someone at the top? Yes. Took the ownership of how bad they were? I don't think so," he said.

But Cramer said that while a big answer to the scandal could increase the share price $ 20 from today's current about $ 148, "I don't think it's going to return to $ 218."

Amazon

Cramer said Amazon is his favorite FAANG – not surprisingly given that his charitable trust has a great position in it.

Stockpicker said he joins the company's current management, including CEO Jeff Bezos and Amazon Web Services, chief Andy Jassy.

"I like Andy Jassy, ​​I like Jeff Bezos. And I still like Amazon, "Cramer said.

Apple

Cramer said that AAPL is" cheap "here, but that he does not add his trust position in the name because it would violate his" 30-day rule "- "wait 30 days for earnings notifications before buying a stock."

Apple warned investors on January 2 that the latest quarterly earnings will come below expectations.

Alphabet / Google

The expert said that the alphabet, which mainly has over the past six months, must publish the case for investors.

"I really think they should come on TV [and] explain themselves: What are they really trying to do [the stock] so that is a better buy? "Cramer said." Their lack of saying something has been what kept the store down. "

Nevertheless, Cramer said his trust sticks to GOOGL, as the stock" has grown well, it is cheap and Ruth Porat – the CFO – will do the right thing. "

Watch Jim's Full Call

Want to hear Jim's entire conversation with Action Alerts PLUS club members? Click here for details.



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