Facebook's Original Content Plans Is Another Reason to Own It, Jim Cramer Says

Facebook is reportedly ramping up its original content spending.
Author:
Publish date:

Amid a report in The Wall Street Journalabout Facebook's (FB) - Get Report plans to spend some $1 billion on original content, TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said this is another reason to own the stock.

"It remains a core position for Action Alerts PLUS," Cramer said.

Facebook shares are up 51% since the start of the year. 

Watch all of Jim Cramer's latest videos, right here:

  • Jim Cramer Reveals One Piece of Advice Ahead of Tuesday's Apple Event
  • Jim Cramer Reveals What Stocks to Watch Following Hurricane Irma