Commentary plus back off the worst day and week of the week, the Company Reportedly looking to boost its efforts in a. I and elon musk and Mark Zuckerberg seemingly agreeing to that cage match, but some hurdles still ahead. Lets begin with the markets. The s p, nasdaq, as we said, coming off their worst week since march, jim that reversal friday didnt feel great. Oh, my. It took your breath away and i was watching them just saying, what happened . Is there some event . Did something happen that was exogenous . But then again, look, lets remember, bonds having a nice move today they were down 36. Now theyre only down 11 i thought that friday was one of those days where people just said, okay, weve had a great year now, lets just sit here and sit on our hands and that was what i was thinking to start my show tonight is to just sit on my hands, and i may do it. I just felt that weve made a lot of money, and maybe thats what were going to make for a month. Youve been pretty leery of this p
Estimates thanks to surging mobile ads on the news feed platforms. The company is now turning attention to monday he tiesing messenger and whats app. Were starting to put some ads in the product just to see the basic parameters on how that performs, how people like the ads or dont how they work for businesses and just try to get an understanding of that. So were starting to run that across the world all this, of course, is the market is hitting record highs the nasdaq is on pace for its best month in about a year due in large part to the tech names. On facebook itself, lets start there. Weve been talking about monetizing the acquisitions for years. It is finally happening . Its incredible that it really isnt happening at scale yet. Theyre just starting with instagram. They have the other huge platforms with whats app and messenger. We dont know how well they will monetize instagraem, highly visual, great video platform we and others are seeing huge usage in consumption of videos the id
Late to give in. You aint seen nothing yet even though the dow had the eighth straight up day in a row. Thats what i heard all day yesterday and today. The dow edged up another three points, s p dipped 2. 4 and the nasdaq is back 3. 2 . Look, you know me. I always want to make the points. And theres still plenty of money to be made in this market if theres money to be made on stocks or even renting them you know i want you to make that money but i also know the psychology of the market lurks big right now. I see people all over the place trying to join me in the bull cap they have been sunshine bullied summer bulls i see people coming on our air and saying hey, listen, i was wrong oh, yeah i shouldnt have called a top, because it felt good to call top now they like it because the market is working. And you know what . I dont like that. Im seeing analysts who have been bearish on stocks and ive liked for some time. Ages. And theyre coming out now and saying now is the time to buy, buy,
For 24,500. Sold it for 28,500. After shipping, made a cool 3,500. But the real big score came from meg. She sold the transam for 25 grand. We bought it for 11,000, we put 4,000 in it. We made a cool 10,000. In total, flat 12 did 13,500. Roundman may have won the race, but i won the week. I think you could outrun a school bus. Oh, man. So look at it that way. Im jim cramer and welcome to my world. You need to get in the game firms are going to go out of business and hes nuts theyre nuts they know nothing i always like to say theres a bull market somewhere. Mad money. You cant afford to miss it hey, im cramer. Welcome to mad money. Welcome to cramerica. Other people want to make friends. Just trying to save you money. My job is not just to entertain you but to educate you so call me at 1800743cnbc. Let the capitulators here be wrong. They almost by nature have to be wrong. Talking about analysts and Hedge Fund Managers who find themselves saying that, hey, its not too late to get in. Yo
Earlier in the show we asked you to weigh in on our Toll Brothers street fight and decide who won the fight. Big, big turnout. But you know what . Dan won by one shocker. First time ever. Vote. One vote. Wow. Thats the popular vote. The electoral vote is what the stock actually does. Time for the final trade. Lets go around the horn. Mike kuo, kick it off. Little disappointed by the last earnings but i think dillards is a decent name in the retail space. Josh brown. I really like pfizer. I think she heads over 30. Dan. For all you guys looking to pick bottoms in apple beware of sticky fingers. Karen. In the retail space i still like foot locker. Guy. Thats gross. Newmont mine hg a reverse the other day. I think nem goes higher. Im melissa lee. Thanks so much for watching. See you tomorrow 9 00 a. M. For squawk on the street. Back at 5 00 for fast money. Meantime, dont go anywhere. Mad money with jim cramer starts right now. Im jim cramer. And welcome to my world. You need to get in the