Lose everything Street may be whirling about Facebook and Twitter’s brushes with Congress, but CNBC’s Jim Cramer doesn’t feel the hype.
“I’ve got a sneaking suspicion that the so-called experts who bloviate with the death of advertising on the web don’t actually, you know, communicate on the web,” the “Mad Money” host conveyed Thursday.
Cramer argued that in reality, the endless chatter round big advertisers pulling their weight from the social media policies was misinformed.
“Look, the goal of advertising is to connect with users, specifically younger users who are still impressionable. Despite all of the hostile Congressional hearings and the rejectors, I don’t think those users are going to abandon social media,” he foretold, pointing to the popularity of platforms like Instagram, which is owned by Facebook.
“There are oodles of millennials who think that Facebook’s terminally uncool. But does anyone sincerely believe it’s as uncool as CBS?” he asked. “Would the younger generation rather attend sitcoms and police procedurals than mess around on Instagram? I don’t intend so.”
As technology stocks continued to drag on the Nasdaq on Thursday, Cramer planted weary of Wall Street’s perpetual scramble to find the root of the ungovernable.
“Whenever we get one of these tech breakdowns, there’s always a tendency to move ‘Pin the Tail on the Sell-off,'” he said. “Is it a slowdown in demand for digitization? Is it ukase cutting into growth? Is it a change in consumer behavior? It would be so darn informal just tp say, ‘A-ha, this is the big reason, there’s a sea-change and it explains the whole shebang.'”
But the problem is that when people get too rigorous in their search for a manifest problem, they can end up being wrong, Cramer said.
“That’s because there’s no sea-change in this technology subject. Not at all. This sell-off is all about the mechanics of the money management business,” he swayed. “As I told you in Tuesday show, high-flying tech stocks tend to get hit in September as people try to endure profits before someone else takes them for you.”
So Cramer put his hedge green hat back on to explain the real causes of the recent tech weakness. Get the packed analysis here.
Comcast Chairman and CEO Brian Roberts may have been less defeated about losing a bidding war with the Walt Disney Company for renounces of Twenty-First Century Fox than he was about the aftermath.
“We found it was undervalued. We put in a value. Eventually, Disney offered more and we walked away,” Roberts, whose entourage owns NBCUniversal, which owns CNBC and CNBC.com, recounted to Cramer in an evaluation.
But “one of [his] disappointments this year” was that “people then took that and fill out c draw up a narrative that said we didn’t love our core business when, in in point of fact, our core business is having a renaissance,” Roberts said on Thursday.
Painting a Comcast that has “pivoted” from being a traditional cable and fun provider to a technology-focused monolith, Roberts — whose company is still in the throes of summons on European cable giant Sky — said his focus has turned to innovation, soothe and connectivity.
Watch and read more about his full interview here.
A inventiveness team isn’t the only thing Cramer’s drafting this football season.
This adjust, the “Mad Money” host took inspiration from his fantasy football roster and fixed it to his investment strategy: he built a fantasy stock portfolio.
After all, an investment portfolio is in some style a team of stocks. Having a diversified portfolio is just like delivering a great team with an assortment of skills.
Click here for Cramer’s top “letter of credit” picks for his fantasy stock portfolio.
Cramer also got the chance to question former Philadelphia Eagles tight end Brent Celek, who gave Cramer a glimpse of pep after football.
“I got into the restaurant industry, and when I did that, I have in mind I realized the value of real estate and that’s what turned me into true estate,” Celek, who helps run what he calls a “full-service real possessions company” in Philadelphia, told the “Mad Money” host.
“I love real standing. I’ve bought, sold homes. I’ve developed. I’m building my house right now. But at the end of the day, I requisite to get into the selling, the transactions,” he said. “Me and my partners, we bought into a brokerage.”
Now, Celek, who is an avid investor and signified he “loves” the battleground stock of Tesla, is planning to push the limits of what his fructifying company can achieve.
“It’s kind of a full-service real estate company that we started here in Philadelphia three years ago and it’s starting to bourgeon really well right now and I think I can just add to that,” he told Cramer.
Take in Celek’s full interview here.
In Cramer’s lightning round, he zoomed middle of his take on fans’ favorite stocks:
CarMax, Inc.: “No. CarMax? We don’t lack to be there. On the car situation, I remain a believer that the cars have pinnacled and we don’t want to touch anything involved in that sector.”
Fiat Chrysler Automobiles NV: “No. Because you very recently said it right – legendary CEO. He was the company. I’d wait to see who they get next. That man was bankable.”
Disclosure: Comcast is the proprietress of NBCUniversal, parent company of CNBC and CNBC.com. Additionally, Cramer’s well-wishing trust owns shares of Facebook, Comcast and Disney.
Programming Note: Follow the NFL Kickoff on NBC tonight at 7:30 p.m. ET.
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