Publish date:

Jim Cramer's Stop Trading! Buy Comcast

Cramer likes the growth story.

Comcast

(CMCSA) - Get Comcast Corporation Class A Report

has "a real growth story" that makes the stock a buy despite Thursday's selloff, Jim Cramer said on

CNBC's

"Stop Trading!" segment.

Cramer shrugged off the 4% drop in the stock, saying Wall Street is worried about the company's plan to spend more in coming years. But Cramer said he expects CEO Brian Roberts' investments in network expansion and customer acquisition to yield a rate of return "better than buying back stock," the universally praised alternative use of capital.

Cramer was less effusive about

Under Armour

(UA) - Get Under Armour, Inc. Class C Report

, which is down 7% off Thursday morning's disappointing guidance. Cramer said he still likes the company but allowed that it trades at a superpremium multiple. As a result, Cramer said, "people are going to freak out" when management doesn't boost its earnings outlook at every turn. Cramer said he would look to buy the stock at $43 or $44, against $47 and change Thursday.

Cramer remains bullish on

TheStreet Recommends

Google

(GOOG) - Get Alphabet Inc. Class C Report

but said the Net giant, like Under Armour, "isn't done going down" off Wednesday's numbers. Cramer said investors are disappointed because the company is no longer showing accelerating revenue growth, but he said it could still get to $600 from Thursday afternoon's $488 -- though perhaps with a stop at $450 in between.

At the time of publication, Cramer had no positions in stocks mentioned.

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

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