RealMoney Radio: Gaga Over Google

Jim Cramer wishes he could write off Google's(GOOG) purchase of YouTube as a "nut-job situation," he said on his "RealMoney" radio show Tuesday.

But "Google is immensely profitable ... beyond-belief profitable."

There's really only one dot-com, and that's Google, Cramer said, adding that any big news regarding "stinky" stock Yahoo!(YHOO), and eBay(EBAY) and Amazon(AMZN), happened way too long ago.

Cramer owns Yahoo! for his charitable trust, Action Alerts PLUS.

"Those companies should have bought YouTube when they had the chance," Cramer said. The Internet giant will "take YouTube and put it through the Google machine," linking search engines and multiplying page views, Cramer said.

And Google's "going to be a powerful stock," possibly hitting $500 by year end. Cramer believes that the stock will be down $6 to $8 Tuesday, but "that's your chance to buy," he says.

I got behind the New York Stock Exchange(NYX) not long after it came public, said Cramer.

Although Cramer says he was initially worried about its expense structure and thought it couldn't be automated the way the Nasdaq is, he's no longer worried and expects the stock to go up to $100 within the next six months. Now it's trading at around $77, he said.

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.

>To order reprints of this article, click here: Reprints