He said it's important to recognize that "in the end, Google is still hostage to some advertising." In that respect, he said, it reminds him of
Research In Motion
Cramer said he's always felt that
CEO Richard Adkerson "is such a straight shooter." Cramer was "thrilled" about Freeport's secondary offering, which he said the market liked. "People were worried that a la
Adkerson would have money come due," Cramer said.
, Cramer said he found it interesting that "the company you most need to drill" is rising as oil falls. "I'm betting that RIG is the tell," he said, and that oil's going to pop.
Cramer also mentioned that Goldman Sachs downgraded
today to sell.
At the time of publication, Cramer was long Freeport.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click
here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click
here to order his book, "Real Money: Sane Investing in an Insane World," click
here to get his second book, "You Got Screwed!" and click
here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by
TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.