Jim Cramer reveals why he hasn't given up on Boeing despite its woes.
Financial news have been"correctly" dominated by the Federal Aviation Administration's order that Boeing 737 Max jets be grounded in the United States after two of the planes were involved in fatal crashes in less than five months, CNBC's Jim Cramer said Wednesday.
Facebook, Google-parent Alphabet, and Amazon with their targeted ads have disrupted traditional advertising and ad-supported media, which is getting behind subscription models and paywalls, Cramer said. Financial technology stocks like Visa, PayPal, and Square, among others, are changing the way people bank and manage their money, he added.
The information technology corporation, which began trading publicly again in late December after a nearly five-year hiatus, has adopted a new purpose since acquiring majority stakes in VMware, the former EMC Corporation, and Pivotal Software in recent years. Cramer thinks the stocks fell too low in the fourth quarter, but he said he winces about the recent action. Apple and Alphabet are up about 15 percent this year and Facebook is up more than 32 percent—but there hasn't been much major development in either of the companies.In Cramer's lightning round, the"Mad Money" host gave callers his thoughts on their stock picks.
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