Why Jim Cramer Says Investors Should Buy Gannett (GCI) Stock

NEW YORK (TheStreet) -- TheStreet's Jim Cramer says futures sometimes weigh on the market so much that investors miss hidden gems.

Gannett's  (GCI) spinoff of what Cramer calls their "digital business" and "broadcast business" creates what he believes will be a juggernaut in the pure digital play because the company owns Cars.com and CareerBuilder, the top jobs site.

Cramer also notes Gannett is the number one affiliate group for CBS  (CBS) and NBC  (CMCSA) and the number four for ABC (DIS). On the other side of the ledger is the pure publishing business, which features large newspapers and USA Today.

Must Watch: Jim Cramer: Gannett Stock Should Be Bought With All of the Spinoffs

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Cramer says Gannett is creating a lot of wealth and investors should buy the stock.

TheStreet Ratings team agrees, as it rates Gannett a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate GANNETT CO (GCI) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, expanding profit margins, solid stock price performance and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

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