Jim Cramer: Buy Salesforce and eBay as Cloud Conference Occurs
Jim Cramer made the following calls on November 18th, 2013. What do you think about his picks?
Salesforce.com (NYSE:CRM): Jim Cramer ranked this stock a Buy. Cramer has previously ranked this stock a buy. Cramer did a special show on cloud computing from the 2013 DreamForce conference — hosted by the company in San Francisco — to highlight the up-and-coming area of computer science. Salesforce was among the companies present to post excellent quarterly results, and to be looking to show just why it deserves dollars for investment. Cramer thought that Salesforce.com made a compelling case; he also talked with Marc Benioff, the CEO of the company, the CEO of the company, about just what hsd made it so successful, to which Benioff replied that the relationship between a business and the customer has been what Salesforce has improved from day one.
eBay Inc. (NASDAQ:EBAY): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on October 17, 2013. The stock’s 52-week high is $58.04, and its 52-week low is $47.60. Cramer sat down with John Donahoe, the president and CEO of eBay, to talk about the online auction website’s future in an increasingly crowded online retail scene. Donahoe pointed to PayPal, eBay’s payment service, as a unique and profitable service, and highlighting the company’s StubHub ticketing service as a generator of value. Cramer was sufficiently impressed, saying that eBay has remained one of his favorite companies for years now.