Jim Cramer Sees a Deal on Priceline Stock, Likes Weyerhaeuser

Jim Cramer, TheStreet's portfolio manager of Action Alerts PLUS and host of CNBC's 'Mad Money' said to buy Priceline (PCLN) on the dip Monday. Priceline gave a weaker than expected forecast for the fourth quarter, but did report a strong third quarter. Cramer said Priceline typically guides lower and there’s nothing wrong with the company. Cramer was asked about the big merger between Weyerhaeuser (WY) and Plum Creek Timber (PCL). He said it was a brilliant move and investors should buy Weyerhaeuser. Two viewers asked about stock of Apple (AAPL), including whether the company will hold up with higher interest rates ahead. Cramer said Apple will do better in a rising rate environment because it has big cash position. But Cramer doesn’t see the stock trading at premium multiple to the market because investors are too focused on only the iPhone business, not taking into account other products that could drive revenue in the future. Send your questions to Jim Cramer on Facebook and on Twitter @JimCramer using #CramerQ.