RealMoney Radio: Gaga Over Google

Cramer says that the search engine will hit $500 by the end of the year.
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Jim Cramer wishes he could write off

Google's

(GOOG) - Get Report

purchase of

YouTube

as a "nut-job situation," he said on his

"RealMoney" radio show Tuesday.

But "Google is immensely profitable ... beyond-belief profitable."

There's really only one dot-com, and that's Google, Cramer said, adding that any big news regarding "stinky" stock

Yahoo!

(YHOO)

, and

eBay

(EBAY) - Get Report

and

Amazon

(AMZN) - Get Report

, happened way too long ago.

Cramer owns Yahoo! for his charitable trust,

Action Alerts PLUS.

"Those companies should have bought YouTube when they had the chance," Cramer said. The Internet giant will "take YouTube and put it through the Google machine," linking search engines and multiplying page views, Cramer said.

And Google's "going to be a powerful stock," possibly hitting $500 by year end. Cramer believes that the stock will be down $6 to $8 Tuesday, but "that's your chance to buy," he says.

I got behind the

New York Stock Exchange

(NYX)

not long after it came public, said Cramer.

Although Cramer says he was initially worried about its expense structure and thought it couldn't be automated the way the

Nasdaq

is, he's no longer worried and expects the stock to go up to $100 within the next six months. Now it's trading at around $77, he said.

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!.

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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