Last week, we saw an earnings spree in the markets when major companies revealed their quarterly performance. Google Inc (NASDAQ:GOOGL), Amazon.com, Inc. (NASDAQ:AMZN) and Microsoft Corporation (NASDAQ:MSFT) are the pronounced tech companies which stood out of all the major companies in the earnings week, said Jim Cramer in a program.
Cramer said that Google Inc (NASDAQ:GOOGL), Microsoft Corporation (NASDAQ:MSFT)’ and Amazon look in a great shape. Their presentation was excellent and they have a clear plan to move forward. He said that we could easily say that the core business and performance of Google Inc (NASDAQ:GOOGL), Amazon and Microsoft is good at least in the content of current market situation.
Cramer said that it was exciting to see that Amazon.com, Inc. (NASDAQ:AMZN)’s web services business is booming. It was the first time that Amazon.com, Inc. (NASDAQ:AMZN) revealed its Cloud services business, and it turns out that it is a great revenue stream and growth business for the e-commerce giant. Cramer said that Amazon.com, Inc. (NASDAQ:AMZN) stock is recoiling and now touching the new highs after the earnings report.
Google Inc (NASDAQ:GOOGL) is the most profitable tech company right now according to Cramer. He said that Google’s main problem is its inability to monetize Youtube. But Google drastically cut down its expenses on its useless projects and hiring sprees. This had a positive effect on the earnings report and the stock is now roaring up to new highs.
Cramer thinks that Microsoft Corporation (NASDAQ:MSFT)’s Cloud business had made up for the loss it is getting in the hardware and devices sector. Microsoft Corporation (NASDAQ:MSFT) knocked it out of the part’ last week, according to Cramer, because it reported profits and spectacular growth potential.
Google Inc (NASDAQ:GOOGL), Microsoft Corporation (NASDAQ:MSFT) and Amazon.com, Inc. (NASDAQ:AMZN) must be the top tech stock choices of you this week.
David Tepper’s Appaloosa Management Lp owns around 600,000 Google Inc (NASDAQ:GOOGL) shares.
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