Jim Cramer Calls Twilio a ‘Brexit Resistor’

Shares of Twilio (TWLO) - Get Report surged in Tuesday's trading session, less than a week after the company had the largest tech initial public offering so far this year. Real Money's Jim Cramer said 'there's been one little bright spot in this market' in a recent interview, citing Twilio's more than 100 percent gain since its $15 IPO. Cramer calls the trading surrounding the San Francisco-based cloud-communications giant 'encouraging,' citing its ability to resist the broader Brexit-triggered market selloff. Twilio's cloud-based services have also been instrumental in providing more secure and stable Internet access and security to start-ups like Uber, according to Cramer, who noted that spotty Web access had long been a paramount concern.

This article was written by a staff member of TheStreet.