Cramer reveals the one tech stock to own if you could only buy one of them

Published Fri, Oct 30 20209:58 AM EDTUpdated Fri, Oct 30 202011:55 AM EDT

Kevin Stankiewicz @in/kevin-stankiewicz-b5593466 @kevin_stank

(This story is for CNBC Pro subscribers only.) CNBC's Jim Cramer said Friday he was more positive on the quarterly earnings reports of technology titans Alphabet , Amazon , Apple and Facebook than the stock moves that followed. But of all those companies, Cramer said on "Squawk Box" that Google-parent Alphabet turned in the best quarter and its stock is the one he would buy, if he could only purchase one. Shares of the online search giant were up by more than 7% Friday, while the three other companies were lower by at least 3%. Alphabet's stock is up a little more than 20% so far this year, underperforming Facebook, Apple and Amazon. However, Cramer said the company's third-quarter results — which blew away Wall Street expectations on earnings per share and revenue — indicated it was in a strong position going forward. "My fave is Alphabet, where they really hit it out of the park and they gave you a lot more guidance. They gave you a sense of how great YouTube is," the "Mad Money" host said. "I really feel like that company is finally coming in on the cloud." Alphabet announced Thursday it was going to start reporting operating income for Google Cloud, which follows its decision to break out its revenue earlier this year. By doing so, it can provide the Street with a better window into the investments it is making in that segment as it tries to rival market-leader Amazon Web Services. Cramer also touted the strength of Google's search advertising; the company's "Search and Other" category grew revenue by 6.45% in the quarter, compared with the same period a year ago. He again noted that the company's dominance in that space is the reason why the Department of Justice has pursued antitrust litigation against it. "I've been saying over and over again, they ought to break this company up and bring out value. It's the DOJ taking it from buy to strong buy," Cramer said last week. "Ultimately, Google, if they break it up, then you own the stock. If they don't break it up, then you own the stock. It's a pretty good situation." Disclosure: Cramer's charitable trust owns shares of Alphabet, Amazon, Apple and Facebook. Disclaimer

Jim Cramer

Scott Mlyn | CNBC

(This story is for CNBC Pro subscribers only.)

CNBC's Jim Cramer said Friday he was more positive on the quarterly earnings reports of technology titans Alphabet, Amazon, Apple and Facebook than the stock moves that followed.

But of all those companies, Cramer said on "Squawk Box" that Google-parent Alphabet turned in the best quarter and its stock is the one he would buy, if he could only purchase one. Shares of the online search giant were up by more than 7% Friday, while the three other companies were lower by at least 3%.