RealMoney Radio Mailbag: Google and Apple Are Must Owns

Editor's note: The following are questions received from listeners of "RealMoney Radio." To send Cramer a question about topics from his radio show, click here. Listen to Cramer's latest radio show by clicking here.

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Why does Google (GOOG Quote) have a higher earnings multiple than Apple (AAPL Quote)?

-- Jonathan

Jim Cramer: Google has a higher multiple because it is growing much faster than Apple, and growth is a primary determinant of how high a multiple investors will assign a stock. Nonetheless, I believe both Google and Apple are great stocks to own right now and both should trade much higher over the next 12 months.

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