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)

Olympics Update:Bobsledding is Back

Foe the first time since the St.Moritz Olympics in 1948,when Lake Placid police officer Francis Tyler led Team USA to gold down a natural track,American bobsledders won the four-man event at Whistler,BC on Saturday night.Steve Holcomb drove the winning sled,"The Night Train,"designed by NASCAR veteran Jeff Bodine,through 5gs of gravity-the equivalent of a rocket launch-down the fastest track in history.Holcomb drove impeccably,keeping to the clean lines characteristic of champions of the sport. Holcomb,of Park City,Utah,described the sled as very slick,very dynamic.As he stood on the medal stand with his three team mates,Holcomb blinked back tears.He had nearly retired when his eyesight deteriorated from a corneal disease.A new treatment consisting of a contact lens implant restored his vision to 20/20 and the United States to gold,displacing German great Andre Lange,who had driven his sleds to four gold medals.Lange reacted with good sportsmanship,applauding the American victory and cheerfully posing for pictures with Holcomb at the awards ceremony in Whistler,living up to his gentlemanly reputation.Lange and his team took the silver medal and Canada's Lyndon Rush drove his to the bronze.