NEW YORK (
) -- Last year, Jim Cramer said his stock-price target on
was $750. Though the company's shares are now trading around $600, Cramer said during his
that he remains confident in Google.
"There were a lot of extra ad dollars available in the fourth quarter because things got better," Cramer said. Advertising spending, he added "didn't go to print or radio, went to some TV, but a huge amount went to the Web. This will be a giant upside surprise for Google's quarter."
He continued, "Print is never coming back and the easiest thing to do is throw dollars at the Web. Google has a fabulous ad-service program that people don't talk enough about."
While some observers have been looking for
Bing to benefit from Internet ad spending, Google really provides the most exposure, Cramer said.
stock was upgraded Tuesday by KBW to outperform from neutral. The move also drove up shares of
Cramer said a resurgence of TD Ameritrade would signal that the retail investor is back.
stock price reached a new high on Tuesday after the company forecast higher-than-expected earnings for its second quarter.
Cramer said Jabil is a better indicator of the overall performance of the tech sector than Microsoft or
"These signs of health will give us a great first quarter," he said. "Tech stocks will shock in the first quarter."
Reported by Jeanine Poggi in New York.
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