Cloud Kings Bite Into FAANG: Jim Cramer on Facebook and Intel
Now that we’ve seen the majority of FAANG’s earnings, Jim Cramer weighs in on how the FAANG companies are doing in comparison to his Cloud Kings.
He also breaks down Facebook’s earnings and his feelings about Intel’s new CEO.
Has Facebook Really Turned Around?
Whether or not Facebook is actually turning itself around and focusing on the safety and security of users–as Mark Zuckerberg himself claimed last night on the earnings call–doesn’t seem to matter to investors. Share of the social media company were soaring during the earnings call late Wednesday night.
Facebook is Real Money’s stock of the day.
The momentum even carried into Thursday morning, which saw Facebook shares hold steady up nearly twelve percent when the stock opened for trading.
Jim Cramer breaks down what he was paying attention to during Facebook’s earnings and the company’s potential turnaround story.
Why Jim Cramer Was Surprised By Intel’s CEO
Intel announced its new CEO Thursday, Jan. 31.
And yet…it’s someone that investors of the company are already familiar with.
Robert Swan, interim CEO, announced that he had officially taken the position of permanent CEO.
However, as Cramer mentioned in his live show with the TheStreet, Swan had previously told the media that he was not interested in the position.
Here’s what Cramer thinks about Swan’s acceptance of the CEO position.