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Why Jim Cramer Likes Alphabet Ahead of Earnings

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"We like Alphabet (GOOGL - Get Report) very much for Action Alerts," said TheStreet's Jim Cramer on Wednesday.

Why? Simply put, it's the "most undervalued of FANG," said Cramer, who is co-manager of the Action Alerts PLUS portfolio.

Cramer explained that the FANG acronym stands for Facebook (FB - Get Report) , Amazon (AMZN - Get Report) , Netflix (a>


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