(GOOG - Get Report) reached a 52-week high Friday is "right," said Jim Cramer Friday on his
"RealMoney" radio show
. That's because if reports are correct that Google is close to inking a deal with
(TWX - Get Report) AOL, it is "game, set and match for the next leg of Google's dominance," he said.
Cramer said investors had become concerned an AOL partnership with
(MSFT - Get Report) might be a "Google-killer" if the combination could build a comprehensive desktop solution for instant messaging, email, search and Internet. But now that it appears Microsoft is out of the running, Google is free to run. The "cloud is going to lift," he said.
Cramer said another factor that has been affecting Google is end-of-the-year rebalancing of the
Nasdaq 100 Trust
(QQQQ). Google is being added to the Nasdaq 100, he sad, which means funds that are indexed to the list need to sell other Nasdaq stocks and buy Google. Cramer believes those funds did their selling earlier this week and that they are now buying Google.
Stocks Under $10
co-author Dave Peltier joined Cramer to discuss the stocks from Thursday's "Stump Cramer" segment.
(MFLX - Get Report)
stock had doubled in the last year, and while it appears to be a good company with a clean balance sheet, he would like to see the stock pull back to the mid-$30s before taking a look at it. Cramer said he does not view the company's business of flexible electronic circuits for cell phones, laptops and PDAs as proprietary. A "lot of people could be" in that business, he said.
appeared to be a stable company but that its line of seeds, fertilizers and agricultural chemicals don't consist of the top brands.
, Peltier said the stock is a "screaming buy." The company makes GPS products for tracking service and delivery trucks. @Road is profitable and has $2 a share in cash, he said. The company has a "pretty wide selling base," and its products are currently being used by Verizon. Peltier believes the stock can to the high-single digits.