McDonalds – Stock Market Today With Jim Cramer: Buy the Dip in Twitter
Stocks rose sharply Monday with the S&P 500 on track for its best session in nine months.
TheStreet’s Katherine Ross and Jim Cramer discussed breaking news in the stock market. Cramer spoke about Jane Fraser’s leadership at Citigroup, buying the dip in Twitter and markets on Monday.
Beyond Meat: Buy Or Sell?
Last week, Beyond Meat (BYND) – Get Report announced development deals with McDonald’s (MCD) – Get Report and Yum Brands (YUM) – Get Report, however, analysts were cautiously optimistic about the plant-based food maker as it missed fourth-quarter estimates.
The company also reached a strategic deal with Yum Brands, the parent of Kentucky Fried Chicken, Pizza Hut and Taco Bell.
Cramer said while Beyond Meat has a considerable foodservice business, but it will pull away.”There is not a lot of food service business being done right now. Their numbers are down very badly. But when the foodservice business comes back in June, they are going to get great orders. It’s non-GMO, younger people will prefer this to Impossible Foods, McDonald’s has endorsed it, so it’s a winner.”
Twitter: Buy Or Sell?
Shares of Twitter (TWTR) – Get Report were down Monday after the social-media giant unveiled a $1.25 billion convertible bond offering in a private placement.
Cramer urged investors to buy the dip in Twitter stock. “They are doing a convertible bond. That is causing pressure because people might be selling the common stock and getting a bond.”
Markets on Monday
Boeing led the Dow higher, rising 5% after United Airlines (UAL) – Get Report placed an order for new 737 MAX jets.
Chipmaker Nvidia was down 0.1% by 60 points.