Google Stock Getting Stronger
Google Stock Getting Stronger (NASDAQ:GOOG) $750 Still In The Cards
“Google (NASDAQ:GOOG) should report a giant upside surprise this quarter,” Jim Cramer said on Tuesday’s Stop Trading segment on CNBC. “There were a lot of extra ad dollars available in the fourth-quarter because things got better,” Cramer said. “Advertising spending didn’t go to print or radio, it went to some TV, but a huge amount to the Web,” he added. Cramer mentioned that Google is on par with the Super Bowl in terms of its audience reach.
He seems to be sticking with his $750 price target for Google which he predicted on Dec. 15. TD Ameritrade Holding Corp’s (NASDAQ:AMTD) stock was upgraded on Tuesday be KBW to outperform from neutral. The upgrade also helped to take up shares of Charles Schwab (NASDAQ:SCHW). Cramer called the upgrade gutsy. He predicted that the retail investor would return to the market in 2010. “The retail brokerage group should make a very good place to be next year,” he said. Lastly, Cramer pointed to the strong performance in Jabil Circuit (NYSE:JBL), Arrow Electronics Inc. (NYSE:ARW) and Vishay Intertechnology Inc. (NYSE:VSH) as proof that Q1 next year will be better than expected in tech. Cramer said these three stocks are a better indicator of the overall performance of the tech sector than Microsoft (NASDAQ:MSFT) or Dell Inc. (NASDAQ:DELL). “Tech is going to shock in the first quarter,” Cramer said. “It’s going to be explosive.”
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