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Stocks were mixed on Friday after a sell-off that sank both stocks and Treasuries.
TheStreet’s Katherine Ross and Jim Cramer discussed the latest news in the stock market. Cramer spoke about Twitter action, the Fisker-Foxconn deal and the markets on Friday.
Twitter: buy or sell?
Twitter (TWTR) – Get the report shares rose on Friday after Goldman Sachs (GS) – Get the report Analyst Heath Terry raised his share price target for the social media platform following Twitter’s optimistic presentation of Investor Day on Thursday.
The company predicted it would double its annual revenue by the end of 2023 and increase its user base to 315 million daily active users.
Cramer said Twitter hit an all-time high yesterday and he is considering buying the stock for Action Alerts PLUS.
Fisker: buy or sell?
Fisker actions (FSR) – Get the report jumped on Wednesday after the electric car maker said it had signed an agreement to manufacture a new vehicle with Taiwanese electronics 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 the report and now Foxconn and they make cars as gorgeous as Telsa (TSLA) – Get the report, may be superior in some respects to Tesla, but much cheaper than Tesla. “
Markets on Friday
Cramer said that as the vaccine rollout spreads, something needs to be done about interest rates because you don’t bring rates to zero when a pandemic begins and keep them there when the pandemic ends. .
None of these are key interests in Jim Cramer Action Alerts PLUS Members Club. Want to be alerted before Jim Cramer buys or sells stock? Find out more now.
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