NEW YORK (TheStreet) -- TheStreet's Jim Cramer tells investors to try to get some stake in Alibaba when it has its IPO later this month.
But he qualifies this by saying he would not want Alibaba if it is more than $200 billion, which is Facebook's (FB) valuation. Cramer calls this the "absolute market cap" and that's the level where he says he is "no longer there." But he does not think this will happen, so he says to simply "get some Alibaba."
Yahoo! (YHOO) , which owns a 22% stake in Alibaba and is set to receive a major windfall from the IPO, hit its 52-week high of $43.20 on Friday.
TheStreet Ratings team rates Yahoo! as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate YAHOO INC (YHOO) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."