Jim Cramer's Wall Street Confidential Picks, 9/24/07

Recap of Jim Cramer’s comments on Wall Street Confidential,Monday September 24. Click on a stock ticker for more analysis:
Two of Four Horsemen: Google (GOOG) Amazon (AMZN)

While Cramer likes all four of his horsemen (Amazon, Google, RIM and Apple), he would pay special attention to Google and Amazon. Google was recently pushed down by the shorts who claimed the company had its "first bad quarter," but now the stock is selling at 30 times earnings with 33% growth. Cramer predicts a "blowout" quarter for Google and says it is one of only a handful of 20%-30% growers.

"There's a $600 billion advertising market out there and they have a couple percent of it," he said. "I think it's really reasonable to think they can have 10% of it," said Cramer.

While it is six years late, an Amazon holiday season is quickly approaching; " ... the leverage here, the money that's going to fall to the bottom line, may be the greatest leverage of any single company I follow," said Cramer.

Amazon is the most expensive of the four horsemen, but is still worth buying for its leverage. While there are those who are interested in the stock for a potential short bust, Cramer stresses, "Don't buy Amazon for the short-bust. Buy Amazon for the leverage to the bottom line."

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