Those who own even one share of
, are up $30 today, Jim Cramer said on his
"RealMoney" radio show Friday.
Market players who thought Google's purchase of
was not a good move were wrong, he said
This is the most profitable company quarter he has seen in ages, Cramer said.
The only other stock he cares about is
, which is also going up, he said.
People may think they are paying too much for Google because it is a $450 stock. If this is the case, Cramer told market players to pretend it's a $45 stock that they are buying 10 shares of.
He believes that this stock is going higher and he doesn't want people to miss the opportunity to buy Google now.
However, he warned investors to be careful with
, which he owns for his charitable trust,
Action Alerts PLUS.
This stock is going from $22.93 to $21, if it doesn't change management soon, Cramer said.
Something that could make people money in the stock market is if the
cuts interest rates, but there are talks it might pause, or worse, it might raise rates, he said.
There is one company that might be able to stop the Fed from raising rates and this company is
, Cramer said. The company, which is feeling the blow from the homebuilders and which led the
up, has such high visibility that it could, in Fed mindset, hold off the next tightening.
"I can't tell you how many companies want interest rates to come down," he said. "But I'm not sure this is going to happen and that worries me."
Caterpillar is going down, Cramer 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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