Jim Cramer on this morning's edition of CNBC's "Opening Bell" shared his thoughts on Twilio and the upcoming earnings from banks.
Cramer on Twilio: Cramer discussed Twilio TWLO, which announced it will be acquiring Segment.
Cramer believes the company is keeping small businesses alive as companies can send alerts like specials to customers. He believes Twilio helps small companies have a “real shot of looking like a large business.”
Small companies can't advertise the way McDonald's or Wendy's do, which makes Twilio a huge benefit to be able to reach their audience.
Cramer called Twilio a company similar to Shopify Inc. SHOP in that you need if you're trying to build during the time of COIVD-19.
"Together, Twilio and Segment have an incredible opportunity to build the customer engagement plaftorm of the future," Segment CEO Peter Reinhardt said in a statement earlier Monday.
Cramer on Bank Stocks: When asked about the earnings season set to kick off this week, Cramer believes we might get some clarity: "This week could be test to the market."
Cramer thinks we could see a dip due to bank stocks reporting this week, noting, "there is no stimulus or breaks for people who rent."
Cramer believes there are plenty of delinquencies ahead and sees a K-shape recovery to the market.
"We could have a dip and you buy," he said.
When asked about the capital gains tax proposed by Biden, Cramer did not sound worried and told viewers, “rich people own stocks.”
Bank Stocks Report: This week will see a large number of banks report.
On Tuesday, JPMorgan Chase JPM and Citigroup Inc C report third-quarter earnings.
On Wednesday, Bank of America BAC, Wells Fargo WFC, PNC Financial Services PNC and US Bancorp USB report earnings.
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