Cramer says investors using Covid stimulus checks on stocks should buy Google-parent Alphabet

American multinational technology company Google logo seen at Googleplex, the corporate headquarters complex of Google and its parent company Alphabet Inc.
Alex Tai | SOPA Images | LightRocket | Getty Images

Investors who plan to put a portion of their latest Covid stimulus checks into the stock market should buy shares of Google-parent Alphabet, CNBC's Jim Cramer said Monday.

Cramer made the suggestion on "Squawk on the Street" while analyzing the valuations of Big Tech companies including Apple and Facebook.

"I do think Apple's down a lot, but not down enough," the "Mad Money" host said. "It's too early to buy some of these stocks, but they are getting very low compared to where they were."

More In CNBC TV Picks

CNBC ProCorporate tax hike could take a bite out of S&P 500 earnings growth in 2022, Goldman’s Kostin says
CNBC ProDan Niles is buying these two stocks in the wake of the Archegos meltdown
CNBC ProThese 3 stocks are attractive, even with the market near record highs, says Decatur’s Degas Wright