Recap of Jim Cramer’s comments on Wall Street Confidential, Monday March 5. Click on a stock ticker for more analysis:
"When you look at who has the most earnings momentum in the first quarter, you're going to come to the interactive portion of the market," Cramer said, and listed his four favorite internet stocks in order: Yahoo, eBay, IAC and Google. He thinks Yahoo will double its money in click-through advertising, thanks to Panama, IACI has "tremendous" earning power, eBay reported a great quarter and Google is bottoming. Cramer predicts AMTD will go out of business because of fierce competition with INTC and overexpansion.
Cramer thinks the fact that DEO and EXP are down is absurd, and although 3M is "poorly executed," he believes the Morgan Stanley upgrade is "important because it said even if the company keeps screwing up, it should be able to bottom." In addition, 3M has the "biggest buyback of the major Dow stocks just declared and big Asian exposure," as well as a 3% yield. Cramer also has hope in soft drink stocks with PEP searching for a bottom and KO "putting one in ... They're both going to go up," he said.
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