The shares were mixed on Friday following a sale that sank both the shares and the treasuries.
Katherine Ross and Jim Cramer from TheStreet discussed the latest news on the stock market. Cramer spoke about Twitter shares, the Fisker-Foxconn transaction and the markets on Friday.
Twitter: Buy or sell?
Twitter (TWTR) – Get the report shares rose on Friday after Goldman Sachs (GS) – Get the report analyst Heath Terry raised his stock price target for the social networking platform following Thursday’s bullish investor presentation on Twitter.
The company predicted that it would double its annual revenue by the end of 2023 and increase its user base to 315 million daily active users.
Cramer said Twitter hit an all-time high yesterday and plans to buy shares for Action Alerts PLUS.
Fisker: Buy or sell?
Shares of Fisker (FSR) – Get the report rose on Wednesday after the electric vehicle maker said it had signed a new vehicle deal with Taiwanese electronics contractor Foxconn.
Cramer said Fisker offers the best design and gives people the cars they really want. “Fisker has key car ensembles like Magna (MGA) – Get the report and now Foxconn and they make cars that are as gorgeous as Telsa (TSLA) – Get the report, may be superior in some respects Tesla, but much cheaper than Tesla. “
Markets on Friday
Cramer said as the vaccine launches spread, something needs to be done about interest rates, because don’t take rates to zero when a pandemic starts and then keep them there when the pandemic ends.
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