Twitter Inc (TWTR) Has Packed Its Bags For A Euro Trip

Twitter Inc (NYSE:TWTR)‘s stock price continues to be affected by the glum economic situation in Europe like other mega cap tech stocks. Jim Cramer on CNBC talked about why Twitter Inc (NYSE:TWTR) could still be a buy.

Cramer explained how the geopolitical situation in Europe has a significant impact on tech companies including Twitter Inc (NYSE:TWTR) as they have significant exposures in the European Market. He particularly cited the continuing tension in Ukraine.

“[…] A lot of tech is Europe. As I contnue to say Europe is the biggest danger zone. Europe is self inflicted. You need to wake up one day and see that Ukraine has got a buffer zone in there. Ukraine joins EU but not joins NATO […],” said Cramer.

Despite a sluggish European economy, Cramer said that Twitter Inc (NYSE:TWTR) was a buy. He reasoned that Twitter Inc (NYSE:TWTR) has been in a major profit mode and although the European economy might have an effect on Twitter Inc (NYSE:TWTR)’s price as it takes its Euro trip but will not be strong enough to landslide the stock.

He also warned that Twitter Inc (NYSE:TWTR)’s buy outlook is on the down side, so investor’s should not run away when the stock tumbles still a bit lower, but it will soon rebound. Euro-trip can’t last for a long time especially when it is not so much fun for Twitter Inc (NYSE:TWTR).

Cramer’s opinion on Twitter Inc (NYSE:TWTR)’s rebound is not shared by all investors. Peter Thiel who is a co-founder of PayPal had a difference of opinion with Cramer’s outlook.

The social media platform has lately also been criticized as suffering from inactive users. People have taken a better liking to Facebook in its stead. However, given the difference in content of Twitter Inc (NYSE:TWTR) it has a strong following.

Twitter Inc (NYSE:TWTR) is now  trading at $52.18 which is about 0.5% higher from yesterday’s price at the closing bell.

Disclosure: none

Free Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.