Jim Cramer Blog

Google missed on earnings. That is what everyone on the street is talking about. Can this lofty stock price be justified with a company that doesn't meet analysts expectations? The answer is yes. And Google's possible inclusion to the S&P backs that side of the argument. And, if you really look deep into the Google quarterly statement, if the estimated tax rate was the actual, they would have beat profit expectations. Every day, Google announces another sector in which they have plans to penetrate i.e. WIFI announced today. These guys have a knack for being one step ahead of the game, in every game they've played. In addition, the floor of this stock has been reached and has started to settle. Buying GOOG right now will give you a stock capable of unreal growth at a major discount to where it should be trading.