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[video] Quick Take: Jim Cramer Weighs In on Netflix, Yelp's Price and Apple Downgrades

NEW YORK (TheStreet) -- TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, is answering questions from his Twitter (TWTR) feed on Monday. 

Shares of Netflix (NFLX - Get Report) have been steadily rising over the past few weeks and are up nearly 3% on Monday on news that it will partner with Comcast (CMCSA - Get Report)

Netflix will pay Comcast to ensure its shows stream smoothly to its customers, as bandwidth concerns have begun to weigh on Netflix's customers' streaming ability. 

Cramer said, "Netflix had a problem with throughput," and the deal will allow the company to drive more signups, now that it has improved its streaming quality. 

Turning to Yelp (YELP), he complimented CEO Jeremy Stoppelman's ability to create both a subscription platform and an advertising platform. 

Although Yelp is an "important device" for service and hospitality businesses, Cramer said the stock is a little too high to buy right now. 

Finally, Cramer said he was trimming (but not selling), Apple (AAPL) in the Action Alerts PLUS portfolio and using the proceeds to buy Facebook (FB)

He cited Apple's stagnant revenue growth as a reason to sell its shares and Facebook's rapidly growing revenues as a reason to buy its stock.

He added that it was important that Apple bought back its stock aggressively when shares fell after earnings, and that the stock still represents a good value. 

Cramer said he's willing to sacrifice short-term performance in Apple for long-term opportunities.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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