But then there's Groupon, another Internet company that's totally lost its way. The company has seen a dramatic deceleration of its core business and is desperately seeking to expand into more traditional retail to stem its losses. Cramer said that Groupon's business model is clearly broken and the thrill of online coupons is over.
Cramer said he would be a buyer of Google, even at these levels. As for Groupon, Cramer said the nicest thing he could say is that it's still too early to buy.
And in Closing...
In his closing comments, Cramer spoke about a few stocks of which he's often asked @JimCramer on Twitter. He said investors should not be buying Nokia (NOK) but should be buying Sprint Nextel (S) and Apple (AAPL), an Action Alerts PLUS name.
--Written by Scott Rutt in Washington, D.C.To contact the writer of this article, click here: Scott Rutt. To follow the writer on Twitter, go to http://twitter.com/scottrutt. To submit a news tip, send an email to: firstname.lastname@example.org. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts