Google's Hiring Binge - Cramer's StopTrading! (4.11.08)

 |  Includes: AMD, CIT, GE, GOOG, INTC, NOV
by: Miriam Metzinger

Recap of Jim Cramer’s comments on Stop Trading! Friday April 11. Click on a stock ticker for more analysis.

General Electric (NYSE:GE), CIT Group (NYSE:CIT), National Oilwell Varco (NYSE:NOV): The biggest loser from GE’s disappointing quarter is CIT Group, and Cramer says the company is “dead in the water.” Given the success of GE’s wind power business, Cramer predicts alternative power is where the growth is, but he still likes oil stock NOV.

Advanced Micro Devices (NYSE:AMD), Google (NASDAQ:GOOG), Intel (NASDAQ:INTC): Cramer says tech is “just awful” and is puzzled that investors are actually retreating to the sector for safety rather than finding refuge in defense stocks. He said Intel is “dead money” and remarked if he were a customer of AMD, he’d call Intel for backup. Cramer doesn’t have hope for Google when Microsoft, Yahoo and News Corp are getting together to break the dominance of the internet giant. He also discussed Google’s regrettable business model which accommodates the company’s “hiring binge.”

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