NEW YORK (
) -- Don't sell
on the possible fear that it may be kicked out of China, Jim Cramer said during Wednesday's "Stop Trading!" segment on CNBC.
Cramer says there is about a 30% to 50% chance Google will leave China. And while those are far from comfortable odds for the company, the expulsion of the company is hardly a done deal.
"China isn't a big market for Google right now," he said. "But it will be a big market for them."
Cramer said it would have been wise to buy Google when the stock was down earlier today. Shares of Google are currently down 1% to $584.83.
, an Internet search engine in China, is soaring 13.2% to $437.17 in afternoon trading. Cramer said that if he owned the stock he would take profits in it, but "shorting a stock like this is a career ender" and he wouldn't recommend it.
On an altogether different note, Cramer said that
showed some signs of stabilization when it reported its first quarterly profit since 2007. But he cautioned that even good news in the housing sector shouldn't prompt investors to pick up homebuilders.
-- Reported by Jeanine Poggi in New York.
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