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: eBay's 'OK' Quarter

NEW YORK (TheStreet) -- eBay (EBAY - Get Report) reported an "OK" earnings report, said TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, on CNBC's "Cramer's Mad Dash" segment. 

Cramer questioned, however, why the company would take a $3 billion tax charge in order to repatriate $9 billion from overseas. 

Instead, the company should have financed the money -- like Apple (AAPL) just did in its bond offering, with favorable interest rates.

Ultimately, the U.S. Treasury is the "winner," and eBay shareholders are the "losers" in this deal, Cramer said. 

On the positive side, Cramer said eBay's PayPal business held its ground. Its StubHub business could have better sales on account of lower pricing in the future, he also said. 

Turning to the energy space, Cramer said he has his eyes on the deal between Exelon (EXC) and Pepco Holdings (POM), with the former announcing it will purchase the latter for $27.25 per share. 

Cramer said he doesn't care for Exelon's management, due to its decision to cut the company's dividend, but he said this deal does make sense. It will allow Exelon to expand its operations into favorable regions, while also opening the door to cost-cutting, Cramer said.

In other M&A news, Cramer was optimistic that a deal between Pfizer (PFE) and AstraZeneca (AZN) will eventually be completed.

-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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
EBAY $23.80 0.00%
AAPL $93.21 -0.44%
FB $117.80 -0.22%
GOOG $701.26 0.80%
TSLA $211.34 -5.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs