Jim Cramer, TheStreet's portfolio manager for Action Alerts PLUS and host of CNBC's "Mad Money," said shares of Facebook (FB - Get Report) will go to $120 a share. Cramer was on the floor of the New York Stock Exchange, answering viewers' questions posted on social media.
Cramer said Facebook stock is inexpensive, but if you don't own it already, don't chase it higher. He suggested buying shares on a pullback.
While Cramer liked Facebook's earnings report, he wasn't happy with the quarterly numbers from Energy Transfer Partners (ETP) , which is another one of his portfolio holdings. Cramer said the company recently boosted its distribution, but now it can't pay for all of it. That has left him confused, stunned and miffed.
Another viewer asked if Cramer prefers Intel (INTC - Get Report) or Pfizer (PFE - Get Report) for the long term. Cramer said they are both inexpensive, with very good yields. He added that if Pfizer buys Allergan (AGN - Get Report) , he would vastly prefer Pfizer. He thinks the deal will happen, with a bid above $380 a share, and that's why Allergan is a huge position for Action Alerts PLUS.
One investor wanted to know if he should take profits in Cisco (CSCO - Get Report) . Cramer said the stock is inexpensive with growth ahead of it. He advised to hold onto the stock, and if the quarter is disappointing, he suggests buying more.
Finally, Cramer was asked if Walmart (WMT - Get Report) is a steal at $58 a share, and he responded it is not. Cramer said the company has pointed out that it's not going to have good earnings for a long time, and it will have to increase investment. Cramer also doesn't like the fact that Walmart is doing a stock buyback. He said it should walk away from that and use the money to try to beat Amazon (AMZN - Get Report) .
Cramer answers viewers' social media questions during a daily segment with TheStreet TV. Find him on Facebook and on Twitter (TWTR - Get Report) . Send him questions on Twitter @JimCramer, using #CramerQ.