With over $5 billion in cash on its books, Amazon currently trades at a whopping 110 times earnings. That may sound wildly expensive, noted Cramer, but fund managers look at the "out years," like 2015, where Amazon is expected to trade for a more reasonable 35 times earnings. This makes the stock not so expensive given its 36% growth rate.
Google is in a similar position. It dominates online search, commanding a 66% market share in the U.S. The company is a major in mobile with its Android operating system and it has a mobile and social strategy, as well as YouTube and other opportunities.
Given that online advertising still represents only 10% of all advertising, Google clearly has lots of growth ahead of it. Google trades at only 11 times its expected 2015 earnings of $67 a share.
Here's what Cramer had to say about callers' stocks during the "Lightning Round":
: "That's a cloud play that I don't expect to come down at all before the end of the year."
Cliffs Natural Resources
: "No. If it goes up tomorrow, I want you to ring the register."
: "I think that EOG goes to $150."
: "I like this one. I also like
: "I prefer the
SPDR Gold Shares
if you want to earn gold."
: "I worry about them. I don't like the fundamentals."
: "No, they blew it."
: "Everyone is selling it, but I like it. I think it's cheap."
: "If that stock comes down even $1, I like it. "
: "When this stock comes in I want you to pull the trigger."
Johnson & Johnson
: "I think they have a great balance sheet and new management."
In the "Executive Decision" segment, Cramer sat down with Edward Aldag, chairman, president and CEO of
Medical Properties Trust
(MPW - Get Report)
, a real estate investment trust that specializes in hospitals, acute care and rehab facilities. Medical Properties currently has a 7% yield.
Aldag started off by saying that over the past year his company has raised over $1 billion in capital and has put all but $400 million of it to work for shareholders. He said Medical Properties' prospects for 2013 now look outstanding.