NEW YORK (TheStreet) -- TheStreet’s Jim Cramer, co-manager of the Action Alerts PLUS portfolio, pointed out that shares of HomeAway (AWAY) are lower, despite UBS initiating the stock with a buy recommendation and $40 price target.
On CNBC’s "Cramer’s Stop Trading" segment, he described HomeAway as "basically the Priceline.com (PCLN) of rentals."
Be careful of betting against stocks that appear to have high multiples, Cramer said in regards to Priceline and HomeAway.
"This is the Internet at its best," he concluded, adding that shares of HomeAway should not be lower in today’s session.
-- Written by Bret Kenwell in Petoskey, Mich.