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Cramer: eBay is the #1 Replacement for Google (EBAY, GOOG)
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On tonight’s MAD MONEY on CNBC, Jim Cramer changed his stance on Google (GOOG-NASDAQ) and thinks it has to take more of a breather.
Cramers #3 Internet stock to replace GOOG is Yahoo! (YHOO-NASDAQ).
His #2 Internet Stock to replace GOOG is IAC/Interactive (IACI-NASDAQ).
Cramer’s #1 Internet stock out there to replace your GOOG holdings is eBay (EBAY-NASDAQ). The stock is up another $2.00 from when he changed his stance and that is after the stock was down in the mid-$20.00’s. The company is not as good as GOOG to Cramer as a company, but it is his best as far as a Stock is concerned. To Cramer this represents the best spot on the web now. The funds have been accumulating the stock. EBAY isn’t being held back because of decelerating revenue growth like GOOG. He thinks it has mindshare and it is getting great culture coverage, and he actually thinks Skype is doing better than anyone thought. Cramer also thinks the new search feature will pay off and he thinks that PayPal is potentially worth the current value of the company. Cramer even thinks that PayPal is beating GOOG on payments and the comparisons to revenues last year will be better because of easy comparables.
Jon C. Ogg
February 26, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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