Jim Cramer Says Skip EBay, Own PayPal
Jim Cramer says Morgan Stanley's latest research report on EBay should be a warning sign to investors.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Morgan Stanley's latest research report on EBay (EBAY) - Get Report should be a warning sign to investors. On Tuesday, Morgan Stanley cut its rating and price target on EBay, citing weakness in markets like Europe and the UK. Cramer said, 'The culprit is Amazon Prime (AMZN) - Get Report . Amazon Prime is wrecking everything, Amazon Prime is wrecking Netflix (NFLX) - Get Report , Amazon Prime is wrecking EBay.' Cramer said, 'stay away from EBay. You want to own PayPal (PYPL) - Get Report , that was the division worth owning.'
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
