The comment from the host comes as a viewer asked him whether Facebook Inc (NASDAQ:FB) is being taken in the right direction by its leadership team. The caller asks Cramer whether we would ever see Google Inc (NASDAQ:GOOGL)-like numbers come out of the world’s largest social media company.
“Sometimes I wonder what’s up with this market. What’s up with Facebook? I think the problem with Facebook is that it went very high. It’s now regarded as speculation again. It shouldn’t be. My charitable trust has a big position and now people are saying the chart looks bad,” Cramer tells his viewers.
According to the CNBC host, Facebook Inc (NASDAQ:FB) is really a stock that one should own for the long term.
“You know what? If you can’t own Facebook for 2017, 2018 earnings, don’t own it because that is why you own it, for the allures. It’s pulling away from everybody else but everyone else seems to be pulling it down. That is not the case,” Cramer says.
According to the host, these three companies which he calls TAN, are the darlings of Wall Street at the moment.
For Cramer, Netflix, Inc. (NASDAQ:NFLX) offers a genuine value for investors. He says he believes the company is still somewhat underpriced for the kind of growth it can achieve in the near future.
Cramer also says that he likes Amazon.com, Inc. (NASDAQ:AMZN) simply because it has effectively showed that it can produce a profit if it wants to just by simply spending less money. This sentiment echoes opinions of other industry observers who say that the day Jeff Bezos makes profit his top priority will be a very interesting day.
As for Tesla Motors Inc (NASDAQ:TSLA), people should avoid the stock altogether and not bet on it or against it, the CNBC host seems to suggest.
Philippe Laffont’s Coatue Management owned about 7.18 million shares of Facebook Inc (NASDAQ:FB) by the end of the last quarter of 2014.
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