Shares of Alphabet (GOOGL) - Get Report , parent company of Action Alerts PLUS holding Google, were up Wednesday as the company prepares to take on Uber by expanding its own ride-hailing service, Waze. The service is designed to assist in coordinating commuter's schedules as well as giving traffic advice. Google is currently running a pilot program in San Francisco and the service only charges riders for the cost of their commute, which the company said at most would be $0.54 per mile. Waze carpool is only available for two rides per person A day in the San Francisco area. Google shares are now up roughly 6% over the past three months.
Employees of TheStreet are restricted from owning individual securities.
Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long Alphabet stock.