Jim Cramer's Stop Trading April 11
He said that lender CIT (CIT) is "definitely negative" on GE's earnings report.
Cramer disclosed that he owns GE stock but still wants to try to make money off the company's quarter.
On Intel (INTC) and the rest of the tech sector, Cramer said that "People are saying, 'Oh [tech stocks are] not going down a lot, so maybe I'll recommend them.' You cannot buy tech in the month of April expecting that you can handle the next two quarters," he said. "Tech is just wrong here."
Cramer called Intel "dead money." However, he did note that "AMD (AMD) is so bad that if I were a customer of AMD I would be calling Intel and saying I need a backup supplier."
Tech is largely a play on GDP growth, which is wrong for this environment, Cramer said. "You can't hide in tech. You can hide in Procter (PG), you can hide in Coke (KO), you can hide in Pepsi (PEP), but you cannot hide in tech."
Cramer was also bearish on Google (GOOG). "I don't know, when you have Microsoft (MSFT) and Yahoo! (YHOO) and News Corp. (NWS) and they've all decided they want to end the dominance of Google." He also decried Google's "hiring binge," saying, "That's just not a business model. ... AMR (AMR) not being able to fly is probably hurting their hiring binge," he said. "That's Google's strategy right now. That's not how you make money."
Published By TheStreet.comLabels: AMD, AMR, CIT, GOOG, INTC, Jim Cramer, KO, MSFT, NWS, PEP, PG, Stop Trading, YHOO
posted by Stock Administrator @ 10:19 AM
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Jim Cramer's Stop Trading April 11
He said that lender CIT (CIT) is "definitely negative" on GE's earnings report.
Cramer disclosed that he owns GE stock but still wants to try to make money off the company's quarter.
On Intel (INTC) and the rest of the tech sector, Cramer said that "People are saying, 'Oh [tech stocks are] not going down a lot, so maybe I'll recommend them.' You cannot buy tech in the month of April expecting that you can handle the next two quarters," he said. "Tech is just wrong here."
Cramer called Intel "dead money." However, he did note that "AMD (AMD) is so bad that if I were a customer of AMD I would be calling Intel and saying I need a backup supplier."
Tech is largely a play on GDP growth, which is wrong for this environment, Cramer said. "You can't hide in tech. You can hide in Procter (PG), you can hide in Coke (KO), you can hide in Pepsi (PEP), but you cannot hide in tech."
Cramer was also bearish on Google (GOOG). "I don't know, when you have Microsoft (MSFT) and Yahoo! (YHOO) and News Corp. (NWS) and they've all decided they want to end the dominance of Google." He also decried Google's "hiring binge," saying, "That's just not a business model. ... AMR (AMR) not being able to fly is probably hurting their hiring binge," he said. "That's Google's strategy right now. That's not how you make money."
Published By TheStreet.com
Cramer disclosed that he owns GE stock but still wants to try to make money off the company's quarter.
On Intel (INTC) and the rest of the tech sector, Cramer said that "People are saying, 'Oh [tech stocks are] not going down a lot, so maybe I'll recommend them.' You cannot buy tech in the month of April expecting that you can handle the next two quarters," he said. "Tech is just wrong here."
Cramer called Intel "dead money." However, he did note that "AMD (AMD) is so bad that if I were a customer of AMD I would be calling Intel and saying I need a backup supplier."
Tech is largely a play on GDP growth, which is wrong for this environment, Cramer said. "You can't hide in tech. You can hide in Procter (PG), you can hide in Coke (KO), you can hide in Pepsi (PEP), but you cannot hide in tech."
Cramer was also bearish on Google (GOOG). "I don't know, when you have Microsoft (MSFT) and Yahoo! (YHOO) and News Corp. (NWS) and they've all decided they want to end the dominance of Google." He also decried Google's "hiring binge," saying, "That's just not a business model. ... AMR (AMR) not being able to fly is probably hurting their hiring binge," he said. "That's Google's strategy right now. That's not how you make money."
Published By TheStreet.com
Labels: AMD, AMR, CIT, GOOG, INTC, Jim Cramer, KO, MSFT, NWS, PEP, PG, Stop Trading, YHOO
posted by Stock Administrator @ 10:19 AM
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