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Cramer Remix: When to buy Facebook & Amazon

It is no secret that earnings season has been horrendous. Although every sector delivered a disappointment, Jim Cramer notes that there is still a silver lining.

"It has been almost non-stop depressing, and it is hard to recall another time when the misses were so widespread," the "Mad Money" host said.

What is unique to this week of earnings season is that finally there is evidence of introspection on Wall Street. This is the time when money managers look back and buy the stocks of best-performing companies during a losing earnings period.

To bring investors up to speed on what big money will have an eye on this week, Cramer reviewed the biggest winners of earnings season.

Cramer still was singing the praise of McDonald's with its all-day breakfast concept, along with the spectacular quarters delivered by both Facebook and Amazon. He added that the time to buy these two stocks are when analysts start to downgrade them.

As the market ramped up on Tuesday, money finally flowed back into the once-loved growth names of FANG — Cramer's acronym that stands for Facebook, Amazon, Netflix and Google-parent Alphabet.

"Google is the one that is most intriguing. I know the company's stock seems vulnerable as it missed on both the top and the bottom line. I still think there is so much low-hanging fruit here, though," the "Mad Money" host said.

With the combination of a weaker dollar and a large cash position, Cramer suspects that Alphabet's numbers could go much higher if it had a huge buyback or smart acquisition to spark growth.

One stock that stays strong regardless of a bull or bear market...


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