Cramer's 'Mad Money' Recap: Stick With Growth (Final)
Upon Further ReviewIn the "Upon Further Review" segment, Cramer took a closer look at the earnings of eBay (EBAY) , which last week delivered a 4-cent-a-share earnings beat on better-than-expected revenue and raised full-year guidance to boot. That news sent shares rocketing up 13%, but Cramer said the stock should be a whole lot higher.
Cramer explained that what got lost in eBay's earnings is its vision for PayPal, its online payments solution. PayPal now sports more user accounts that either Visa (V) or MasterCard (MA) and is already the default way to pay online without relinquishing sensitive credit card information.
But PayPal's plans for the future go far beyond online shopping. The company is betting big on mobile payments, which it expects to top $7 billion this year, up from $4 billion last year. PayPal is also testing its first point-of-sale terminals at Home Depot (HD) , which allows customers to pay using just their mobile phone number with a PIN.