is down today, there is no need for market players to worry because Google is "taking over the world," Jim Cramer said on his
"RealMoney" radio show Tuesday.
Kids are hooked on YouTube, which is owned by Google, and as people don't have the time to watch entire "seasons" anymore, YouTube provides the perfect answer for "spontaneous fun" with its two-minute videos that make people laugh, Cramer said.
Moreover and above all, Google saw this and did not care about "cratering" its stock if it made a bold acquisition, he said. Google also did not fear that it was buying "unmonetizable assets," such as Broadcast.com or Skype, with YouTube.
And Google did not care about "bogus copyright issues," which should be worked out, Cramer continued.
Meanwhile, old media still doesn't seem to get the picture, he said. If
had sold the Chicago Cubs and not bought back stock, maybe it would have been able to buy YouTube. But it was Google that snatched it up.
Down 20 points from its high, it's about time to buy Google, Cramer said. In fact down $1, he said he'd buy some.
have become "anointed" stocks, Cramer said.
People came to these two stocks today -- a down day in the market -- and that's a good sign, he explained, predicting that Apple would hit $100 and that Cisco should go to $30.
Apple was recently trading at $91.19; Cisco was recently at $26.93.
The worst is likely over in the real estate sector, Cramer went on to say. "The crisis may be reaching its course ... maybe six months from now."
Using a personal example, Cramer said that he and his wife have a "substantial partnership in real estate" that they have moved almost entirely to Mexico as it became more and more difficult to continue making a profit by investing primarily in New Jersey and Pennsylvania.
"We were continually outbid by
," Cramer explained. "We even sold our shore properties, which were insanely overvalued."
However, on Monday, after being shown a property that normally would have traded at $1 million two years ago, and purchasing it for $450,000, Cramer believes that it's time to start buying again.
It is the first property Cramer said he's bought inthe U.S. since 2004.
"There are genuine bargains out there," he said. "Maybe this is how bottoms are formed."
Cramer said if they had missed this bargain and hadn't purchased the property, they would have kicked themselves. He added that this is the first time they've felt this way in years.
Although there are places other than the U.S. that have "incredible growth," such as China and India, it's not easy for companies to make money in these foreign markets, Cramer said.
Companies want to take advantage of these "giant populations," but other than
KFC fast-food chain and
maybe in a couple of years, "no one has been able to make money off of these markets," Cramer said.
The Chinese don't want a lot of U.S. products and prefer their own equipment. That has "stung"
, Cramer said.
In fact, other than
Las Vegas Sands
, "there's been nothing new in the profit picture in China for years," he said.
is now making the move to India, but nobody has considered that maybe the Indians don't want Wal-Mart and won't respond favorably to it, he said.
"Don't get your hopes up with Wal-Mart," Cramer said. Because it's not likely that Indians are any more drawn to "crummy" places like Wal-Mart than Americans are, he said.
"It's time to buy into some weakness" Cramer said, switching topic.
He said he likes the drug stocks here and is no longer worried about them with Democrats back in Congress, "given the power of pharma and the positive way seniors view the Medicare Part D plan."
Moreover, Cramer considers
Johnson & Johnson
, both of which he owns for his charitable trust,
Action Alerts PLUS, to be "exceptional stocks" that have been hammered endlessly ever since the elections.
It's time to start picking at these, he said, because the "drug stock negativity is way over done."
New York Stock Exchange
is a good blue-chip stock to buy, Cramer told a caller.
, which Cramer owns for his charitable trust,
Action Alerts PLUS, and
, is the type of stock people can buy and put away because it has a long-term story, he said.
Responding to his next caller, Cramer said that although
is down a "gigantic amount," he believes that the stent business is a "good business" because a lot of people don't want to take pills.
Down 39% in the last year, Cramer said Boston Scientific "is just too cheap," and he wants to own it. However, if people want to hedge their bets against the stent business, he suggested buying
Johnson & Johnson
has started to lift its price, Cramer told another caller he no longer has a problem with this stock.
When a caller asked why
sells so low when compared with
, Cramer said it's "because Gateway has not made any money in many, many years."
People have given up on this stock, said Cramer, who told the caller he'd much rather see market players in Apple even though it's up, because "it represents better value."
Cramer told his next caller that he considers
the "best run bank in Brazil."
And when a listener inquired about
, he said the bottom should come to this stock shortly. Cramer called Harris a "dynamic communications company" and said that its fundamentals are good.
"I think it's a good situation, and I like the stock very much," he said.
At the time of publication, Cramer was long Schering-Plough, Johnson & Johnson and Sears.
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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