NEW YORK (TheStreet) -- TheStreet's Jim Cramer has used a downside target of $29 since Twitter (TWTR) went public and the stock hit that level yesterday. Cramer no longer thinks the stock is a good short as more upgrades come in from analysts who thought Twitter was overvalued.
Twitter has an $18 billion market cap but the possibility of a takeover arises if it hits $13 billion or $14 billion. Cramer uses the same analysis for Yelp (YELP), which has been cut in half. He says this is the time to stop shorting Yelp, which he calls a good company with a stock price that just went too high.
Cramer says McDonald's (MCD) is regarded as not doing well and the stock is not too high. He says people like dividends and he sees interest rates going to 2.2% or 2.3% rather than 2.8% because there are not a lot of high-quality bonds. Cramer calls McDonald's a yield play and, after taxes, the company does much better than a treasury and he believes its dividend will climb.
Separately, TheStreet Ratings team rates MCDONALD'S CORP as a "buy" with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate MCDONALD'S CORP (MCD) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."