Jim Cramer told Action Alerts PLUS senior analyst Jeff Marks that the latest earnings from Snap (SNAP) - Get Snap, Inc. Class A Report and Twitter (TWTR) - Get Twitter, Inc. Report highlight the value of reaching the younger consumer cohort.
Snap stock touched record highs after reporting an adjusted loss of 10 cents per share on revenue of $982 million.
The social media company's 293 million daily active users blew away analyst estimates, adding 13 million DAUs in the quarter.
Twitter reported adjusted earnings per share of 20 cents on revenue of $1.19 billion.
Jack Dorsey's social media giant saw ad revenue increase 87% in the quarter as second quarter sales and its third quarter outlook topped estimates.
Recap TheStreet Live: Everything Jim Cramer Is Watching 7/23/21