17 Stocks Jim Cramer Talked About

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8. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holdings: 243

Software giant Alphabet Inc. (NASDAQ:GOOGL) is one of Jim Cramer’s top stocks. The CNBC TV host believes that the firm enjoys a dominating place in several key industries such as video streaming and artificial intelligence. Alphabet Inc. (NASDAQ:GOOGL)’s shares are up by 66% over the past year and are down by 2.9% year-to-date. Monness kept a Neutral rating on the shares in February as it commented that Alphabet Inc. (NASDAQ:GOOGL) was benefiting from momentum in the digital advertising, cloud computing, and search engine industries. However, the firm added that the stock’s current valuation appeared to reflect all of these factors. TD Cowen reiterated a Buy rating and a $365 share price target on Alphabet Inc. (NASDAQ:GOOGL) in mid-February. It outlined that the firm’s Waymo autonomous driving service was picking up momentum through growth in weekly passenger trips. In this appearance, Cramer discussed Alphabet Inc. (NASDAQ:GOOGL)’s Genie service and the impact on Applovin:

“No, Applovin’s got that, they got that problem, Google’s decided to go against them. David, memo to you, don’t compete with Google.”

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