Cramer on Momentum Ending

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By Douglas A. McIntyre Published
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Cramer said that a lot of momentum is ending on his Wall Street Confidential video on TheStreet.com today.  The profit taking is coming out of the REIT’s after the EOP/Zell deal because they are supposed to be yield-driven.  The value or growth buyers aren’t coming in and now people are looking for the Colgate (CL) and P&G (PG) players as safer growth plays rather than other growth names.  He noted that Google (GOOG) and Chicago Mercantile Exchange (CME) are seeing massive amounts of momentum and growth money coming out of those names; he also thinks you have to let those bottom on their own before the momentum players coming back in.  In energy Cramer discussed that there has been a multiple compression phase because there could be down quarters year over year even though there is interest from the outside.  The integrated oil companies need to drill more and now you can find value in them.  This was a shorter segment than most and more void of picks and brash comments.

Jon C. Ogg
February 12, 2007

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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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