Why Alphabet Is Jim Cramer and Marc Chaikin's Favorite Stock

TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer sat down with legendary market technician Marc Chaikin for an exclusive one-hour webinar.
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TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer sat down with legendary market technician Marc Chaikin for an exclusive one-hour webinar.

Alphabet (GOOGL) - Get Report is Cramer and Chaikin's favorite stock.

"Google is a pure play in the new economy," Chaikin noted, adding that the stock isn't currently expensive. 

Alphabet is a holding of Cramer's charitable trust Action Alerts PLUS.

"I think it's the great American company," Cramer noted.

To watch a replay of the one-hour Cramer-Chaikin webinar, click here.