Lower Interest Rates Ahead? Jim Cramer on the Macro Setup, Alphabet, and 27 More Stocks

19. Alphabet Inc. (NASDAQ:GOOGL)

Alphabet Inc. (NASDAQ:GOOGL) was among the stocks Jim Cramer discussed as he said that the Iran peace negotiations could trigger an oil glut, cool inflation, and pull interest rates down. A club member asked how a stock’s price gets affected when a company decides to raise cash by selling shares. Taking Alphabet as an example, Cramer said:

Okay, this is up to the company. In other words, it’s case by case. So, for instance, Google had to sell a lot, well, it’s Alphabet, they had to sell a lot of stock because we know that they have to pay for all these data centers. But that was good because we didn’t want them to take down a lot of debt. We knew that the stock was, that there were rabid fans of the stock, and they’d go buy it.

Alphabet Inc. (NASDAQ:GOOGL) provides technology-related products and services, including search, advertising, cloud computing, AI tools, and digital content platforms such as YouTube and Google Play. During the June 8 episode, Cramer noted the company’s move to raise cash, as he remarked:

There’s the equity issuance from Google last week. Now I didn’t see it coming. You didn’t see it either. It was brilliant if you work at Google… You now have the money to build more… data centers to keep your cloud customers from going to another competitor. And that’s what they’re going to do. It’s bad for everyone else, though, especially shareholders of Meta, Amazon, and Microsoft. The ease with which Google raised the cash was incredible. Goldman Sachs did a tremendous job.