RealMoney Radio: Falling Too Far Too Fast

Cramer says investors eschew Google -- and Yahoo!, which he calls the best opportunity in tech.
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The first caller to Jim Cramer's

"RealMoney" radio show Tuesday asked about

Yahoo!

(YHOO)

, which was highlighted in a

Barron's

story last week.

"The article was very, very fair," said Cramer, adding that the story focused on the quality management of CEO Terry Semel and CFO Susan Decker.

"I am an owner of Yahoo! for my trust," Cramer said.

He added that Yahoo! has fallen too far and too fast and that a lot of people are giving up on it as well as the other Web behemoth

Google

(GOOG) - Get Report

.

Cramer particularly likes Yahoo!'s plan of using excess capital to buy back stock. "It's the best opportunity in technology," he said.

The second caller had inherited some

BellSouth

(BLS)

and

AT&T

(T) - Get Report

stock and wanted to know whether to keep or sell those the shares.

"A lot of people feel that the economy is slowing, and utilities like those two companies tend to do well in an economic slowdown," Cramer said. He told the caller that she didn't need to own both stocks and should probably sell her stake in BellSouth.

Cramer used the opportunity to mention that AT&T was a better choice for investors than rival telecom giant

Verizon

(VZ) - Get Report

and urged listeners to switch out of the stock.

The next caller asked whether he should switch out of

Bank of America

(BAC) - Get Report

into

J.P. Morgan Chase

(JPM) - Get Report

.

The caller had bought the stock higher than its current price and hence had lost some value over the past two weeks.

Cramer was undeterred. He said the current price weakness was a great opportunity for investors with fairly low-risk tolerance to purchase a high-quality stock.

He was also keen on

Citibank

(C) - Get Report

.

The next caller asked about

Motorola

(MOT)

. Cramer noted that Motorola was in head-to-head competition with Finnish company

Nokia

(NOK) - Get Report

.

Although Cramer likes both stocks, he favors Nokia in part because of the $1.4 billion in stock that the company bought back in the last quarter.

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.

At the time of publication, Cramer was long Yahoo!.

James J. 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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