Google's main revenue is generated from advertising, Blackstein said, adding that the online advertising market has a long way to go in terms of growth.
"Google is one of the main beneficiaries of online advertising, and they continue to innovate," he said.
When asked about the company miscommunication problems, Blackstein said he's heard the same thing about
Apple's (APPL Quote - Cramer on APPL - Stock Picks) secrecy.
"I guess people want to know, but I would prefer they do stay quiet and not give a heads-up to competitors as to what they're doing," Blackstein said.
Task's Callers
Task told a caller that Starbucks is the kind of stock that might perform well once we get past Thursday's Fed meeting.
But if it falls below $33 (it was recently at $35.72), Task said he would be worried.
For now, however, Task believes that the caller is in good shape.
Energy Conversion Devices (ENER Quote - Cramer on ENER - Stock Picks) looks like it's in bad shape, as the froth has come out of alternative energy plays as of late, Task said. He added that he would be wary of owning it in this environment.
When a caller inquired about
Genentech (DNA Quote - Cramer on DNA - Stock Picks), Task said it was a darling, but has slipped a bit in recent weeks.
Task said that Genentech is a stock for which there are huge expectations, and that's one of its problems.
Blackstein called Genentech one of the fastest-growing biotech companies in the next five years.
It shot up from $20 to $100 in a year and a half (it was recently at $77.92) and the company is digesting the big move, Blackstein said.
If we are going into a slower growth period, then Genentech will be sought out for its growth, Blackstein said, adding that he likes the company very much.
Task said that
Citrix Systems (CTXS Quote - Cramer on CTXS - Stock Picks), which Cramer owns for his charitable trust,
Action Alerts PLUS, is poised to benefit here if the Fed doesn't kill the economy.
Blackstein said that overall, it is difficult to look at stock today and determine why it's going down, as Citrix has been. He said the fundamentals of the company have remained strong.
TheStreet.com Staff
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