Cramer sees Google not only as an industry goliath but also as an aggressive growth company that's inexpensive – a rare combination.
"Google is the sultan of the Internet search business, responsible for 60% of all searches around the globe—not only do they control more than half the market, but that 60% figure is more than five times bigger than Google's next closest competitor," Cramer said. "Get this: 40% of all online advertising revenue in the United States goes to Google."
However, Google isn't resting on it laurels. Google is also actively maneuvering itself into "the sweet spot of mobile, social and the cloud," something Cramer calls the triumvirate of new media.
And Cramer believes Google's industry advantage isn't priced into the stock.
"Google is growing like a weed yet it's cheap. Yes, this $1072 stock is cheap. Google trades at barely more than 20 times next year's earnings estimates, with a 16% long-term growth rate."
"Compare that to Facebook, which sells for 48 times next year's earnings estimates with 30% growth," and you'll see that Google is cheap with a capital C.
Bank of America
Although banks in general, and Bank of America in particular, have been relatively unappreciated by Wall Street, Cramer thinks that's about to change.
First, "banks are one of the few groups that actually benefit as interest rates rise," Cramer said. So if and when the Fed tapers, this stock stands to benefit.
However, in the case of Bank of America, "it's one of the biggest banks in the country, with lending exposure to everybody from the consumer, to small business and large enterprises," Cramer noted. Therefore as the economy improves BofA has multiple ways in which to leverage the improvements.
In addition, Cramer likes that Bank of America has been cutting costs. "Expenses were down 1% sequentially in the latest quarter, and management predicts another $1.6 billion in cost cuts by the end of 2014," he said.
"Plus, the company still has $3 billion left in its buyback authorization, and I think that could get raised."
To make the stock all the more attractive, Cramer doesn't think all these tailwinds are baked into the price. "Bank of America trades at just 1.1 times its tangible book value—that's much less than, say, Wells Fargo, which trades at 1.9 times tangible book. I could easily see this stock heading to $20 in the not too distant future, a 33% gain from these levels."