Jim Cramer's Stop Trading! Google $520

Google (GOOG Quote - Cramer on GOOG - Stock Picks) is headed to $520, Jim Cramer said Friday on CNBC's "Stop Trading!" segment.

Cramer said the stock, up $3.69 to $503.41 Friday afternoon, is poised to bolt through the $513 target set earlier this month by Goldman Sachs' Anthony Noto. Cramer said that when that happens, a massive short squeeze will ensue and the stock will surge past $520, as is currently being predicted by the January 520 calls. "It's off to the races," Cramer said.

Cramer also likes Hewlett-Packard (HPQ Quote - Cramer on HPQ - Stock Picks), up 76 cents at $43.40. Cramer said the big PC maker is going to benefit from the vicious price war unfolding between chip suppliers Intel (INTC Quote - Cramer on INTC - Stock Picks) and AMD (AMD Quote - Cramer on AMD - Stock Picks). Cramer said he expects to see the stock hitting 45 next week.

Cramer counseled Conoco (COP Quote - Cramer on COP - Stock Picks) to "save your money" on a $1 billion buyback announced Friday and to raise its dividend instead. Cramer also derided departing BP (BP Quote - Cramer on BP - Stock Picks) chief Lord Browne, calling him a "serial destroyer of the environment" and a "virtual Hamlet," though his interlocutor on CNBC repeatedly stated a preference for a high-brow Weekend at Bernie's comparison.

Cramer also gave "two thumbs up" for F5 (FFIV Quote - Cramer on FFIV - Stock Picks), Akamai (AKAM Quote - Cramer on AKAM - Stock Picks) and Level 3 (LVLT Quote - Cramer on LVLT - Stock Picks).