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Cramer: Alphabet the shining star of FANG

As the market ramped up on Tuesday, money finally flowed back into the once-loved growth names of FANG — Jim 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.

Cramer knows it is tough to value Alphabet since it failed to meet estimates. But he doesn't doubt that Alphabet could come roaring back if it demonstrated discipline with spending and acceleration in...