Go With Google

Google (GOOG - commentary - Cramer's Take) crossfire? Google's ramping today on reports that the paid search is up. Jefferies offers this really compelling analysis that a combination of comScore data and regression analysis shows that there might be a 20% year-over-year gain! Further, that the comScore data shows a very big paid search increase for February.

That's huge, and the stock should be bought off it.

But another outfit I follow, RT Asset Management, says YouTube is having a rough quarter, with February queries down 9% sequentially. That's just plain awful, although it is not the key metric.

The market has spoken and pronounced Jefferies right. It is saying that there is an important uptick to business. If it is right, Google is way too low and the stock can gallop toward Jefferies' $450 price tag. But RT says the price target of $260 is alive and well.

Really tough, but I am going with Jefferies. Google's been punished enough. It goes higher.

Random musings: There's an Apple (AAPL - commentary - Cramer's Take) tug of war, too, with some analysts saying weakness in computers, but the new product spurring buying. Remember, new products show that Steve Jobs may not be that important...

At the time of publication, Cramer had no positions in the stocks mentioned.

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Know what you own: Other companies in the tech space include Cisco (CSCO - commentary - Cramer's Take), Baidu (BIDU - commentary - Cramer's Take), Sun Micro (JAVA - commentary - Cramer's Take), EMC (EMC - commentary - Cramer's Take) and Yahoo! (YHOO - commentary - Cramer's Take).

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