Jim Cramer Talked About These 16 Stocks

9. Alphabet Inc. (NASDAQ:GOOGL)

In last week’s episode of Mad Money, Cramer mentioned Alphabet Inc.’s (NASDAQ:GOOGL) stock performance after the election results came in and the company’s run-in with the antitrust authorities. Here’s what he said:

“Big Tech got a real boost, especially the ones that have been hectored by antitrust like Alphabet or Amazon or, or frankly even Apple and maybe even, we thought maybe Nvidia and Meta…”

Alphabet (NASDAQ:GOOGL), the parent company of Google, was formed in 2015 following a major corporate restructuring. The company is currently facing significant legal challenges, primarily related to antitrust concerns. In 2020, the U.S. Department of Justice (DOJ) filed an antitrust lawsuit against it, accusing the company of engaging in monopolistic practices to maintain its dominance in online search.

In addition to the lawsuit, there have been signals from the DOJ suggesting that it could push for the breakup of Google, a move that would fundamentally change how the company operates. Among the potential actions being discussed is the termination of Google’s payments to secure its default status on new devices, a practice that has played a key role in keeping the company at the top of the search engine market.

The ongoing legal battle could be influenced by political shifts. According to Reuters, experts have suggested that under a potential second term of Donald Trump, antitrust policies may change direction. The trial over the DOJ’s proposed remedies will not take place until April 2025, with a final ruling expected by August of that year. This delay leaves the door open for potential shifts in the case’s trajectory, as experts, such as William Kovacic, a law professor at George Washington University, suggest that a change in political leadership could influence how the DOJ handles Alphabet’s (NASDAQ:GOOGL) case moving forward.