Jim Cramer's Stop Trading! Google $520

Google (GOOG Quote) is headed to $520, Jim Cramer said Friday on CNBC's "Stop Trading!" segment.

Cramer said the stock, up $3.69 to $503.41 Friday afternoon, is poised to bolt through the $513 target set earlier this month by Goldman Sachs' Anthony Noto. Cramer said that when that happens, a massive short squeeze will ensue and the stock will surge past $520, as is currently being predicted by the January 520 calls. "It's off to the races," Cramer said.

Cramer also likes Hewlett-Packard (HPQ Quote), up 76 cents at $43.40. Cramer said the big PC maker is going to benefit from the vicious price war unfolding between chip suppliers Intel (INTC Quote) and AMD (AMD Quote). Cramer said he expects to see the stock hitting 45 next week.

Cramer counseled Conoco (COP Quote) to "save your money" on a $1 billion buyback announced Friday and to raise its dividend instead. Cramer also derided departing BP (BP Quote) chief Lord Browne, calling him a "serial destroyer of the environment" and a "virtual Hamlet," though his interlocutor on CNBC repeatedly stated a preference for a high-brow Weekend at Bernie's comparison.

Cramer also gave "two thumbs up" for F5 (FFIV Quote), Akamai (AKAM Quote) and Level 3 (LVLT Quote).