Cramer's bullish on Alphabet after earnings, would buy on a pullback

CNBC's Jim Cramer told investors he's pleased will Google-parent Alphabet's most recent quarter, lauding the company's proof of profitability.

"This whole conference call was what I call master class of transparency and health," he said. "It made me feel great that we own this one for the charitable trust," adding that he'd be a buyer if the stock "pulls back big."

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CNBC's Jim Cramer Updates Ranking of Major Media StocksCNBC's Jim Cramer updates his ranking of major media stocks, putting Fox at the top followed by Disney. He believes recent developments in the industry warrant a reassessment of the rankings.
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