Facebook is expected to file its initial public offering on Wednesday. If the social media company does, in fact, file and goes public at $70 billion, he will likely recommend investors buy it. If it’s priced at $110 billion, however, he doesn’t think it will make that much money. In that scenario, he thinks investors should blow out of it as quickly as possible.
“With 800 million users, a fantastic business model and tons of revenue, Facebook deserves to have a gigantic valuation,” Cramer said. “It’s growing really fast and making a ton of money. So don’t be thrown off the scent of what could be a real homerun.”
Before the market’s open, Whirlpool will report its earnings results. Cramer wants to know if the housing turnaround has affected Whirlpool positively. Being as last quarter was tough for the appliance maker, he thinks it could deliver another weak number.
Chipotle is schedule to report after the close. Cramer thinks the restaurant chain operator could surprise to the upside. Its stock is near its highs, though, so Cramer will just listen to what company executives have to say about a new expansion and second concept: the Asian noodle restaurants. He is curious whether they will have an aggressive rollout.
Tractor Supply is also reporting after the close. This is a high-growth retailer, so Cramer expects a good quarter.Page 2 of 4 | Prev Page | Next Page