Jim Cramer Is Watching Google and Microsoft Earnings Thursday

TheStreet's Jim Cramer is keeping an eye on Google, the company now known as Alphabet (GOOGL) and Microsoft (MSFT) Thursday when both companies release their latest quarterly results after the market close. Cramer says he thinks Microsoft's Windows 10 'is a hit, I think that's one of the reasons why Intel is getting optimistic about a bottom in PCs.' He added that Microsoft 'has moved up a lot in advance so I would like to be able to wait to see, I feel like if you come in now you'll only make 2 points. Let's say you missed it if you don't own it.' Analysts polled by Reuters are expecting Microsoft to post earnings of $0.58 a share on $21 billion in revenue for its fiscal first quarter. Cramer says Google 'has been down horribly'. He says that's because 'there is a hate going on of the high multiple stocks.' Cramer says he believes Google can turn this around. For its fiscal third quarter, analysts expect Alphabet to post earnings of $7.20 a share on revenue of $18.54 billion.