This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Jim Cramer's 'Mad Money' Recap: I Still Love Google 10 Years On

 

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.


NEW YORK (TheStreet) -- On the 10-year anniversary of Google's (GOOGL) initial public offering, Jim Cramer told his Mad Money TV show viewers that he's still a strong supporter of the company and its stock.

It's hard to believe that Google came public at a split-adjusted price of just $42.50 a share. But it's even harder to understand why so many analysts and investors have under-estimated Google and what it's truly capable of doing. Cramer called the perpetual pessimism surrounding Google a "failure of imagination" that has persisted for the entire decade the company has been public.

Read More: 10 Stocks George Soros Is Buying

Whether it was competition from Yahoo! (YHOO) or Microsoft (MSFT) , the inexperience of Google's founders or fears of a second dot-com bubble, Cramer said the skeptics have been wrong about Google at every turn.

But Cramer said he's always been a fan of Google, which is why the company is one of the largest positions in his charitable trust, Action Alerts PLUS. With the company's percentage of the advertising market still growing, he continues to be a steadfast supporter, saying Google's stock is still cheap versus the earnings estimates looking forward.

Buying Retail

In an amazing turnaround from just last week, Cramer said the decline in the retail stocks may indeed be over thanks to a monster day of earnings that has reinvigorated the group.

Cramer said he was worried about Home Depot (HD) going into the quarter, but admitted the company has gotten its mojo back after a weak spring. It turns out the bulls in Home Depot were too conservative and this stock has more room to run.

The same for Urban Outfitters (URBN) , which ended the quarter with not only strong sales but also low inventories, news that caused analysts to reiterate their buy recommendations.

Even lowly TJX Companies (TJX) was able to get its shares rallying 8.6% on the day thanks to a 2% rise in same-store sales. Cramer said this stock is also not done going higher.

Still other earnings surprises included Costco (COST) , a stock on which Cramer said he had gotten too negative, and Dick's Sporting Goods (DKS) , which continues to take market share from its rivals.

Read More: For BHP Billiton, Breaking Up Isn’t Hard to Do

Cramer said all of these upside surprises only goes to show how Wal-Mart (WMT) and Target (TGT) are losing share and are no longer the bellwether stocks to gauge the retail sectors.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,948.08 +28.49 0.17%
S&P 500 1,983.69 +2.09 0.11%
NASDAQ 4,528.6110 +1.0970 0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs