Jim Cramer Wants to Be Reassured by Facebook's Earnings
It's a big week for tech earnings and TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, is eagerly awaiting the results, particularly of companies held in the AAP portfoiio.
For instance, Cramer has already opined on Apple (AAPL) - Get Report , expecting a "not great" report after the close today. Now he's looking at Facebook (FB) - Get Report , which will report earnings after the close on Wednesday.
"We trimmed Facebook because it was up so much," he noted of the portfolio's largest holding.
He said the social media company needs to tell investors its advertising dollars aren't being threatened by traditional media outlets. Earnings should be helped by Instagram, which boasts strong growth.
For investors looking for a "derivative play" on Facebook, consider Twilio (TWLO) - Get Report , Cramer said. The new, hotly traded initial public offering benefits as Facebook -- and other Internet and mobile companies -- gain more business, he concluded.
At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL and FB.