This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Jim Cramer's Mad Dash: GM TWTR

NEW YORK (TheStreet) -- On CNBC's "Cramer's Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said General Motors (GM - Get Report) appears to have bottomed when the stock's dividend yield reached 3.7%. GM is an AAP holding.

He admitted to being "dead wrong" about the stock because he underestimated the liability issues General Motors faced as a result of its ignition switch recall and the resulting investigations. 

Cramer added that CNBC colleague David Faber's interview with Kyle Bass, managing partner of Hayman Capital, had investors "buzzing" about "what GM could present when being sued."

Cramer also looked at Twitter (TWTR - Get Report), which rallied 11% on Tuesday. The company announced the hiring of Daniel Graf, the former Chief of Maps for Google (GOOG)

Must Read: Long-Term Tesla Bulls See More Pain Ahead:

He said 20.2% of the share count -- 9.4% from co-founder Evan Williams, 4% from co-founder Jack Dorsey, 5.4% from Benchmark Capital and 1.4% from CEO Richard "Dick" Costello -- won't come to the market during the company's share lockup expiration in early May, as previously announced by Twitter. 

Cramer pointed out shares of Twitter have a 40% short interest, meaning that many investors are betting on a big secondary offering to cover their short positions.

If the secondary offering isn't as big as many investors are anticipating and if the company reports better-than-expected earnings, "this stock is going to go dramatically higher," he concluded.

-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had a position in GM and GOOG.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GM $31.25 -1.57%
TWTR $14.01 -2.71%
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs