Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
The Fed is not likely to make a move on interest rates when it meets next week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
You can save money by doing a quick check and unsubscribing from apps you no longer use.Technologyread more
Investors are holding out hope that Fed Chair Jerome Powell lays the groundwork for a rate cut as soon as July. Even just one this year would be a mistake, says Amanda Agati,...Trading Nationread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Luckin's opportunity in China is "one of the world's greatest retail growth opportunities," according to KeyBanc Capital Markets.Investingread more
People always criticize the multiple that Twitter commands.
And yet Twitter made a new intra-day high this week without any real catalyst to speak of.
Skeptics find the price action nothing short of preposterous. They're all but certain Twitter bulls are running right into a brick wall.
And their skepticism seems perfectly reasonable.
After about a month as a publicly traded company, Twitter is now trading at roughly double its IPO price and has a market cap of about $26 billion. Yet revenue for the third quarter was merely $168.6 million.
According to published reports, to support even a valuation of $8 billion, Twitter will need to grow its revenues at a compounded growth rate of nearly 30% per year for the next ten years.
By any reasonable standard, the valuation should not be sustainable. It's just a matter of time before the house of cards comes tumbling down, skeptics say.
Jim Cramer isn't so sure.
"People love Twitter," Cramer said. That is, they love to Tweet and re-Tweet and read other people's Tweets. And people don't behave rationally when they're in love.
Of course you could argue that love has no place in the stock market. But Cramer doesn't think it matters.
People also love Amazon.
It doesn't seem to matter that after 20 years in businessAmazon has yet to turn a profit. On Wall Street bullish affection remains steadfast; Amazon trades at a multiple of 1,300.
The same can be said of Netflix and Tesla. Bulls love these companies too: they love their products and therefore they also love their stocks. Again, both command multiples that don't make sense by any conventional metric, yet shares go up, up, and up.
Netflix has gained almost 300% year to date while Tesla has gained even more than that. Like the song says, that's the power of love.
Read More from Mad Money with Jim Cramer
Does stock slump worry Cramer?
Cramer's undervalued energy stock
Great gains! What's up 311% ytd?
Turning attention again to Twitter, Cramer suspects this is only the beginning of a long and loving relationship between the market and the social media stock. Therefore he sees no reason to think Twitter is going to fall anytime soon.
"I have a confession to make," said Cramer. "I'd like to think that my family loves me the way the market loves Twitter."
We're sure they do.
Call Cramer: 1-800-743-CNBC
Questions for Cramer? email@example.com
Questions, comments, suggestions for the "Mad Money" website? firstname.lastname@example.org