We recently published 12 Hot, Cold & Stable Stocks Jim Cramer Recently Discussed. Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer recently discussed.
Alphabet Inc. (NASDAQ:GOOGL)’s shares have gained 34.5% year-to-date, with most of them coming in the second half of the year. Cramer has discussed the firm several times on his morning show. Early in the year, the CNBC TV host was concerned about the firm’s legal troubles with the Justice Department and went as far as to sell the stock. However, he later regretted the decision, as not only did Alphabet Inc. (NASDAQ:GOOGL)’s YouTube business perform well, but the firm also secured a favorable court ruling. In his previous remarks about the company, Cramer shared that he mistakenly believed that the government would “come down” on the firm. This time, he discussed Alphabet Inc. (NASDAQ:GOOGL) in the context of the stock being cheap:
Pixabay/Public Domain
“Alphabet we can justify where it’s going, . .
“And I still think that when you look at the run that Alphabet had, it turned out that Alphabet was incredibly cheap a [inaudible] points ago, because there were, now we’re saying well Chrome is great, and obviously YouTube is great, when you look at it historically, NVIDIA, if you look at where it is, where it was versus that the [inaudible] it’s not that expensive.
“But I’ve got to tell you that, when I listen to the Justice Department, talking about punishing Alphabet, that was enough for me. I didn’t want to see this Justice Department go after Alphabet. Because this administration and the previous administration, one of few the things they have in common is that they don’t like Alphabet!”
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Disclosure: None. This article is originally published at Insider Monkey.