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Good as Google?

Thursday, 17 Apr 2008 | 3:45 PM ET

The Google trade is dead, Jeff Macke said on Thursday’s Closing bell ahead of the search giant’s earnings release.

Fast Money: Netflix on Fire
Netflix shares have been on fire, surging almost 50% this year. Fast Money's Jeff Macke discusses whether this movie will have a happy ending.

Macke said he would rather own companies, tech or otherwise, that are impervious to bad news. And with all the bad news out there, Google is simply too risky a bet right now, he said.

Instead, he’d rather be buying Wal-Mart , if only it pulled back a bit. WMT makes 52-week highs seemingly every day as the company taps into the economic downturn as a source of profit, counting on people to "trade down" their shopping habits.

Within the tech sector, Macke highlighted Netflix as a stock that could be preparing for a breakout. Now that Blockbuster , Netflix’s main competitor, has all but given up its mail-order business as it shifts its focus to acquiring electronics retailer Circuit City , Macke thinks Netflix could further dominate the DVD rental industry.

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