'These big tech stocks have been roaring because they either benefit directly from the pandemic or they've figured out how to thrive in spite of it,' the 'Mad Money' host said.
. The company recorded $59.69 billion on the top line, compared to analyst estimates of $52.25 billion, and $2.58 per share on the bottom line, a 54-cent beat.
"While Apple didn't give us a forecast for the next quarter, they did give us … a four-for-one stock split, which should make this one a lot more enticing to home-gamers who might be scared away from a $400-plus price tag," the host said. "Many other companies should actually watch what [CEO] Tim Cook does here and stop watching what Warren Buffett does. Do what Tim Cook does. It's another reason why Apple is zooming after hours.
"After all the sturm und drang about major advertisers boycotting the platform, Facebook shot the lights out," Cramer said. "Even better, July's going strong. Millions of small businesses need Facebook. Instagram Shops is a gigantic hit. This is a small- and medium-sized business juggernaut. No wonder the stock's flying in after-hours trading."Google-parent Alphabet is the laggard here with its stock up less than 1% in extended trading.
"Their numbers were substantially better than expected, even as their core advertising business took a major hit," the former hedge fund manager said. "The stock barely budged in response, but I think that's because Alphabet's management is so non-promotional."
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