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: Buy Yahoo! Ahead of Alibaba IPO

NEW YORK (TheStreet) -- Shares of Yahoo! (YHOO - Get Report) are up roughly 2% to start the week, after Gene Munster, managing director and senior research analyst at Piper Jaffray, upgraded the stock to buy from hold and raised its price target to $43 from $37. 

On CNBC's "Cramer's Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, added that Munster doesn't believe the Alibaba (soon to IPO as BABA) valuation is priced into Yahoo!, which owns a 22.6% stake in the Chinese e-commerce company. 

Cramer said that this summer will be filled with analysts and investors playing the "guessing game," trying to figure out Alibaba's valuation and what it means to Yahoo!. 

Along with wondering how much Alibaba would be worth, he asked how CEO Marissa Mayer would spend the money. 

Co-host David Faber said there is a good chance investors will get to see another earnings quarter from Alibaba's business before the IPO, when Yahoo! reports its earnings results and sheds some light on Alibaba. 

"My advice," Cramer said, "be long Yahoo!."

-- Written by Bret Kenwell in Petoskey, Mich.

Profit on Call Options: Coca-Cola, ExxonMobil, Home Depot, Pepsi

Ford and GM Sales Decline as May Steals Days from June

Bullard: A Hawk at the Fed?; Parsing Markit Data: Best of Kass

Six Flags Rewards Investors Post-Bankruptcy

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
YHOO $32.86 0.00%
AAPL $111.60 0.00%
FB $94.26 0.00%
GOOG $646.67 0.00%
TSLA $215.58 0.00%


Chart of I:DJI
DOW 17,131.86 +47.37 0.28%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,838.6430 +8.1730 0.17%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs