Cramer's Mad Money - Twitter Is Too Hot (11/7/13)

by: Miriam Metzinger

Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Thursday November 7.

Twitter (NYSE:TWTR), Buffalo Wild Wings (NASDAQ:BWLD)

Twitter (TWTR) is a "red flag," since it opened at $45, far above Cramer's maximum target of $28. Cramer doesn't think it is prudent to buy Twitter up here, and those who got in on the deal should take the money and run. While Twitter is a great company with a fantastic product, it is far too richly valued.

Cramer took a call:

Buffalo Wild Wings (BWLD): Many investors have "buyer's remorse" and are selling, since the stock has risen. Cramer still believes in BWLD.

Qualcomm (NASDAQ:QCOM), Whole Foods (NASDAQ:WFM), Pandora (NYSE:P)

The Dow was down 153 points because of bubble talk, the faltering of industrials and chatter that China will tighten. Qualcomm's (QCOM) disappointment did not bode well for tech, and Whole Foods' (WFM) miss created questions about consumer confidence. Growth stocks are selling off, but after the selling is finished in a few days, Cramer thinks some might be buys.

Cramer took a call:

Pandora (P) is a cult stock people love, and it is hard to know how far it will rise, since people are willing to pay up for cult stocks.

CEO Interview: Emil Brolick, Wendy's (NYSE:WEN)

Wendy's (WEN) is cleaning up its balance sheet and is creating more franchise restaurants. The company reported an earnings miss with same store sales weaker than expected. Management modestly raised guidance, but the stock fell 11%. Cramer thinks expectations were too high for the stock. New CEO Emil Brolick said that "it is the strongest quarter since 2005." The company is transforming the brand, adding new menu choices and refurbishing stores.


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