Google can do no wrong
It's the only company that boasts the full Internet trinity of mobile, social and cloud.
When you have a quarter as amazing as Google (GOOG) reported last night, you can stiff analysts over and over and refuse to tell them anything they want and still get away with it.
Yep, it was that amazing. Suddenly every initiative is working. Suddenly Google+ looks like it is a serious challenge to Facebook. Suddenly YouTube has become a money maker of such proportion that the acquisition now looks ingenious.
Suddenly we see that Chrome -- which, along with Apple (AAPL) iOS, is dominating the growing smartest phone market -- will be boosted significantly by the Motorola Mobility (MMI) acquisition.
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Suddenly we see that there really aren't any other search plays worth mentioning and that Google is on a search rampage. The growth of this business is accelerating. I found myself feeling bad for the other guys and wondering which quarter will produce the mercy killings.
Suddenly it appears that, other than Apple and Amazon (AMZN), there isn't anyone else out there, and only Google has all three of the trinity: mobile, social and cloud.
It's amazing. Yes, it was that good a quarter. Somehow, oddly, it feels as if it is just beginning. Plus, the business is being managed perfectly and Larry Page is now Larry Sage. The spending initiatives I was worried about, they are gleeful about shutting them down and streamlining them if they don't work. It's the ideal state of affairs for an incubator.
You don't get a stock up 40 points for nothing. This was about as good a quarter as you could have.
No, better.
At the time of publication, Cramer was long AAPL.
Jim Cramer is a co-founder of TheStreet and contributes daily market commentary to the financial news network's sites. Follow his trades for his charitable trust.
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