Cramer Pans AMD; But He Makes Internet Picks

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By Douglas A. McIntyre Published
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On another Wall Street Confidential video today, Jim Cramer ranked his favorite Internet stocks.  The 1/3 of the market that is defensive is bottoming, but the next group will be the companies ahead of their numbers over the next couple of weeks.

It may be worth noting that Cramer said AMD (AMD) could go out of business, and that Intel would love that if the DOJ is not involved. 

On the dot.com’s and the Internet names here is what Cramer thinks:

IAC/Interactive (IACI) has momentum and is taking share.

Yahoo!(YHOO) has fabulous momentum and they may be making twice of what they thought on Panama.

Amazon (AMZN) has a new reader making it an innovator, which is interesting considering he always hates AMZN.

eBay (EBAY) has a great quarter coming and the Skype deal is coming along well for them.

Google (GOOG) is interesting now that it hit $440 and this should be around the area that it bottoms like he has said before.

Jon C. Ogg
March 5, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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