Should everybody own Google?
An analyst council -- if there was one -- should just declare the search giant's stock a 'buy.'
Consider this morning with Google (GOOG). Deutsche Bank raises its price target to more than $1,000. Piper says self-driving cars are a $200 billion opportunity.
I think the Google Council should just declare that everyone should have a "buy" on Google and they should leave it at that. Only group moves toward $1,200 targets should be allowed. No ranks broken until Google disappoints. Then the silly charade can end because it sure is tiresome to read these price bumps every day. Maybe we should just mandate that all firms must own some Google the way they owned Apple (AAPL) and that Google stays in the portfolio until it starts hurting people?
Why not? The Council has spoken.
Right now, there's another Council that's acting in a very confused way: the Intuitive Surgical (ISRG) Council. For months, the ISRG council has struggled with some of the revelations my friend Herb Greenberg brought to light. Councils always issue edicts that go like this: "This weakness is a buying opportunity" or "the news is old news and the stock should be bought on it" or "the Council has looked these issues over and pronounced them minor."
They issue them until the company actually admits that revenues are slowing.
Now, old habits with Councils die slowly as we saw with Apple. There will be plenty of rearguarders who will talk about how this is a transitional moment for ISRG and that it's just a revenue miss and the earnings are still coming in. We will hear that it is a timing issue or that it is a one-time issue. The council always has lots of ways to explain away things.
Needless to say, it's a finished issue, they just don't know it yet.
Occasionally, you get an honest-to-Betsy disagreement among analysts. We got one ahead of Microsoft (MSFT) when we caught three downgrades by people trying to make a statement that the quarter would be weak. It was very strong. The Council breaking there was brutal, made worse by my decision to pound the Council-Breakers endlessly. (Microsoft owns and publishes Top Stocks, an MSN Money site.)
And then there are the "sell" Councils. There was a truly straight-jacketed coalition of Tesla (TSLA) bashers, I write as I watch its inclusion into the somewhat indexed-Nasdaq 100.They were convinced that it was a fraud or overhyped or just a phenomenon that would quickly dissipate and then disappoint.
It hasn't happened and the Council's been splintered.
But these are rarities and the guilds don't take lightly to them.
Keep it in mind when you buy Google today (Tuesday), something that everyone has to do and accept, that at a certain point the Council will pull its "buys," way too late, of course. But in the interim, if you don't own Google for this quarter, you will have a lot of explaining to do because the Council's a mean taskmaster when it is united and it, of course, must be obeyed.
Oh, and here's the clincher.
I like Google, too.
Jim Cramer is a co-founder of TheStreet and contributes daily market commentary to the financial news network's sites. Follow his trades for Action Alerts PLUS, which Cramer co-manages as a charitable trust and is long AAPL.
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Let's see Google P/E ratios is 26 pretty much google is now 2.6 times what it should be selling for.
The Chinese have now warned the US for three straight months something has to be done about Bernanke's QE3 (read as stopped) or else there will be fall out.
Pretty much you can believe that Bernanke can not stop QE3 with more money flowing out of the stock market to retired babyboomers then is flowing in and a huge non roll over of US T-bills.
So the Chinese and the rest of the BRICS and the other emerging markets are planning the complete collapse of the dollar in order to stop Bernanke under mining their trade.
Beware the ides of September folks.
I like Cramer's sarcasm. He's reminding us of one of the first investment rules. Never fall in love with a stock.
We don't buy fireworks. Everybody on our street is a fireworks nut, so we just put our lawn chairs at the end of the driveway, watch everybody else and drink beer.
Maybe we should all pool our money and buy a Hitler chicken franchise.
Just gonna watch my Beotches on the View, maybe they will have Kramer on as a guest.
Time for brunch and more coffee...
Made about 25 bucks at a Casino last night...free food for two days.
Miss Lilly lost $10..
On my way to Cashier's window, stopped at Stud table and dropped $75 in about 30 minutes.
Should have walked on by, dumbazz.
Gonna google my way out of here and maybe have an apple.
Ahhh, you guys are getting your Crammer fix..Poor old Jim must have had a few days off for the 4th.
Out in the Hamptons, kickin' back, drinking Long Island Iced Teas and watching Boomers..
Down near the Lake in a field, I positioned my truck for an hour-hour and half extravaganza.
Had whiskey and coke in one container and a coffee in the other..
One group of friends, used about 10% of their Company's entertainment budget
Next door Mexican neighbors had about 20 aerials and smaller stuff, boom-ity-booms.
And a couple points on the Lake firing...Others around the lake too, but was too far back..
A good time was had by all, and we were in the middle...Ooooohhh,Ahhhhhh !!
Yup found ABS, glad he is okay; I was worried.
Think he was running the Bulls with Regal or something??
Guess neither one got gored or horned....
But Regal mentioned something about "horning" ABS, whatever the hell that means..
Time to partake of a good wholesome meal and juice...
I don't read many Articles about Google or Apple, not invested in them; Don't care..
And about 10 or more come out everyday.
And where in the article did it say anything about QE3 or the Chinese...??
Did you read it, JUST ENTER...??
Of course they didn't mention anything about fireworks either...
Did I mention anything about morons or cretins.??
BTW...Where is our Nazi, cretin and moron hunter...?
Did you punch his time clock...Regal.
What the hell are Councils ?? Another "new term" like Comps they are kicking around for the In-Crowd..
Sweet Geezus....Just try using English for morons like me..
These councils remind me of the Indians that couldn't or wouldn't come together way back..
When they did it was too late and the American Indian's hunting grounds, tribal lands and way of life, were completely shattered or taken away by the Europeans...
Be wary of any Councils...Unless you are their Leader.
Publish your AA returns and also publish who received the "charitable donations" you claim to have made !! .......
So ABS went to fireworks and became part of the Entertainment, eh?
Watch out for that big one, he's/it's got a short fuze..
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These companies won't soar like other plays in the sector, but they make for great income sources.
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