Tuesday, February 18, 2014

Market Trends:Facebook,GM and Tesla;Sochi Winter Olympics Update

Facebook is a terrific company that I think can go higher,said CNBC co-host Jim Cramer on "Squawk On The Street."I still think this is early on.Facebook deserves to be higher,will go higher.CEO Mark Zuckerberg is giving right now,the most charitable man in America.*
At CVS,the numbers were very strong.They could take a six-cent hit from dropping cigarette sales and still do well.They take the hit and do well.There's a very big anti-cigarette kick in this country.*
The California drought is wreaking havoc on the food business.It's the snack side that worries me,not the mac and cheese.*
The fulcrum here is GM.I've been wrong about GM.It's an inexpensive stock,but nobody cares because of the weather keeping people out of the showrooms.Auto sales are the key to this market,so I'm deeply focused on that.*
China has agreed to subsidise electric vehicles,and Tesla is there.Tesla is a charm stock.They are not bound by anything other than by the enthusiasim of young people who test drive a Tesla and go buy one in five years,according to author and master investor Jim Cramer.*
At the Sochi Winter Olympics on Monday,after 17 years of partnership,American skaters Meryl Davis and Charlie White won the first ever ice dancing gold medal for the USA,and Steve Holcomb and Steve Langton secured the first medal in two-man bobsled in 62 years with their bronze,finishing behind Russia and Switzerland.
Fog postponed the men's snowboard snowcross finals,as well as a biathlon event.Snowcross was rescheduled for Tuesday,although more fog is expected to roll in and blanket the course.
The US women's ice hockey team clobbered Sweden 6-1,getting Team USA to the finals against archrival Canada,as had been expected.
Belarus swept the freestyle skiing aerials when Anton Kushnir won the men's gold medal.Australian David Morris' silver was the first medal for his country in men's aerials,and China's Qi Guang got the bronze when he botched his landing.*
CVS Caremark(CVS),Tesla Motors(TSLA),Facebook(FB)

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