This Day On The Street
Continue to site
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

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 - Get Report) 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.

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.

Must Read: 10 Stocks George Soros Is Buying

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.

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
EXXI $0.09 -0.64%
GOOGL $711.40 0.42%
WPX $8.41 -1.30%
AAPL $94.30 -0.92%
FB $118.08 0.55%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs