[video] Quick Take: Jim Cramer Weighs In on Netflix, Yelp's Price and Apple Downgrades
NEW YORK (TheStreet) -- TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, is answering questions from his Twitter
Shares of Netflix
Netflix will pay Comcast to ensure its shows stream smoothly to its customers, as bandwidth concerns have begun to weigh on Netflix's customers' streaming ability.
Cramer said, "Netflix had a problem with throughput," and the deal will allow the company to drive more signups, now that it has improved its streaming quality.
Turning to Yelp
Although Yelp is an "important device" for service and hospitality businesses, Cramer said the stock is a little too high to buy right now.
Finally, Cramer said he was trimming (but not selling), Apple
He cited Apple's stagnant revenue growth as a reason to sell its shares and Facebook's rapidly growing revenues as a reason to buy its stock.
He added that it was important that Apple bought back its stock aggressively when shares fell after earnings, and that the stock still represents a good value.
Cramer said he's willing to sacrifice short-term performance in Apple for long-term opportunities.
-- Written by Bret Kenwell in Petoskey, Mich.