chinese internet

chinese internet

Jim Cramer Answers Viewer's Questions From the NYSE

2d ago
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Jim Cramer answers viewers' Twitter (TWTR) questions from the floor of the New York Stock Exchange. Since Twitter has been atwitter with questions regarding China, Cramer’s first question is about Baidu (BIDU), the Chinese Internet company that released disappointing results on Monday for its second quarter along with a poor outlook for the second half of the year. ‘Baidu had one of the worst quarters I’ve ever seen,’ Cramer said, claiming that the conference call after the report ‘was just a jumble!’ and ‘a horrendous call.’ Cramer said that he thinks ‘the Chinese government is going to try and let the air out of the balloon slower’ and that ‘the Chinese government knows it made big mistakes with the stock market’ but ‘they know they can’t keep it up.’ When asked about Facebook’s (FB) earnings call this coming Wednesday, Cramer said, ‘unfortunately I’ve been set by these analysts who have it so high that unless they do a major blowout the stock is going to get hammered.’ One viewer asked whether the most recent quarter was important for UPS (UPS) given that a lot of their business comes from the holiday season. Cramer said that this quarter does matter because ‘this is a quarter that shows they got their act together, that Europe’s really good, and the stock got oversold.’ Cramer says that he thinks ‘UPS has figured it out’ and that he thinks the stock is still a buy even at its current price. If you have a stock question, tweet it @jimcramer using #CramerQ. Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV For more content from TheStreet visit: http://thestreet.com Check out all our videos: http://youtube.com/user/TheStreetTV Follow TheStreet on Twitter: http://twitter.com/thestreet Like TheStreet on Facebook: http://facebook.com/TheStreet Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet Follow TheStreet on Google+: http://plus.google.com/+TheStreet