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Cramer Likes Fitbit, Thinks World Wrestling Entertainment Is Inconsistent

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Jim Cramer spoke on CNBC's Mad Money about Fitbit Inc (NYSE: FIT), which dropped 8.68 percent on Tuesday. He thinks that the company posted great earnings results and he explained that it dropped sharply because of the news of a secondary offering of 21 million shares. Cramer believes that Fitbit is not based just on a hardware product, it also has a software and a social element which allows people to compete in reaching their goals and because of this factor it is different from GoPro Inc (NASDAQ: GPRO).

Cramer doesn't believe that Apple watch is going to crash Fitbit and he believes that people are going to own both, like him. He would start buying the stock.

World Wrestling Entertainment, Inc. (NYSE: WWE) posted good numbers for the last quarter, but it has been very inconsistent in the past and that is what makes investors fearful. Cramer is waiting for the company to post more good quarters.

 

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Posted-In: CNBC Mad Money Jim CramerMedia