Cramer's Stop Trading! Google Will Reach $600 (9/22/09)

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Tuesday September 22.

Google (GOOG), Caterpillar (CAT), Bucyrus (BUCY), Joy Global (JOYG), Palm (PALM), Research in Motion (RIMM), Ralph Lauren (RL), Martha Stewart (MSO), Macy's (M)

As companies are starting to devote funds for advertising again, Google will be a main beneficiary, and Cramer says the stock is a "cyclical and secular gainer coming into the fourth quarter." He predicts growth will rise from 21% to 23%, and with a 20 multiple, Cramer thinks Google will reach $600, with or without acquisitions.

Cramer wouldn't give up on Caterpillar in spite of its "miserable monthly number." Caterpillar along with Bucyrus and Joy Global are "global recovery plays" and the declining dollar is good news for these companies.

Cramer prefers Palm to RIM ahead of the latter's quarter. To those shorting Palm, he had a brief message; "Welcome to the mobile internet tsunami."

Finally, he recommended Ralph Lauren and Martha Stewart Omnimedia as derivative plays on Macy's.

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