Jim Cramer: Wait for Facebook to Pull Back
Facebook has had a very nice run higher so investors may want to wait for a pullback before adding to their positions, says Jim Cramer.
Facebook (FB) - Get Report has had a very nice run higher so investors may want to wait for a pullback before adding to their positions, says TheStreet's Jim Cramer. Shares of Facebook were flat Tuesday as the social media company prepares to report 2016 third quarter results after Wednesday's market close. Analysts surveyed by FactSet are looking for the Menlo Park, CA-based company to post adjusted earnings of $0.97 a share on revenue of $6.93 billion for the quarter. During the same period last year, Facebook reported adjusted earnings of $0.57 a share on revenue of $4.50 billion.
