Jim Cramer had 30 buy recommendations between August 18-20,2014. The largest-cap stocks of the week were Google Inc (NASDAQ:GOOGL), Verizon Communications Inc. (NYSE:VZ), BHP Billiton Limited (ADR) (NYSE:BHP), PepsiCo, Inc. (NYSE:PEP) and The Home Depot, Inc. (NYSE:HD).
Jim Cramer has been a long-time fan of Google Inc (NASDAQ:GOOGL) since it went public in 2004. The company had an amazing run since its debut and has been trading at around $592 recently. Most of the investors following Cramer for the past one decade are aware of his love for Google Inc (NASDAQ:GOOGL). According to Cramer, the company has been undervalued right from the time of its IPO and added that Google has been undermined in terms of its technology innovation. Google has 10% share of the $600 billion advertising industry and the Cramer still has it in his charitable trust. Google Inc (NASDAQ:GOOGL) reported a revenue of $16.0 billion for the second quarter 2014 with GAAP operating income of $4.26 billion for the quarter.
Verizon Communications Inc. (NYSE:VZ) was reported as the fastest U.S. Wirelessservice provider as per a survey conducted by RootMetrics. The company announced revenue of $31.48 billion in the second quarter 2014 with $0.91 earnings per share. The company added over 1.4 million retail customers in this quarter.
Cramer was worried about the performance of The Home Depot, Inc. (NYSE:HD) but the company delivered well with its second quarter results. The Home Depot, Inc. (NYSE:HD) reported total sales of $23.8 billion for the quarter with net earnings of $2.1 billion for the quarter.
This article has been written by Prakash Pandey and edited by Serkan Unal.