Stockpickr: Uncovering Hidden Internet Gems

Stock quotes in this article: ITW , HMC , FDX , PKW , JCP  

ITW is a component of one of my favorite exchange-traded funds to cherry-pick, the PowerShares Buyback Achievers (PKW) ETF. This ETF is made up of companies that have repurchased at least 5% or more of their outstanding shares over the past 12 months.

ITW has also been consistently on the magic formula list. These are the companies that rank highest on Joel Greenblatt's magic formula: companies with high returns on equity and low P/E ratios.

For the rest of the "secret" Internet companies, including J.C. Penney(JCP) and others, check out the Secret Internet Companies portfolio on Stockpickr.

Stockpickr tip of the day: In case you missed it, the site has a new weekly feature -- Cramer's Portfolios of the Week. These are the top portfolios of stocks that Cramer has mentioned on his "Mad Money" TV show, in his RealMoney blog or on his "Stop Trading!" segment on CNBC. Last week's portfolios included his Red Zone Defensive Plays, his favorite commodity plays and more.

With earnings season soon upon us, I'm also keeping track of the Top Earnings Champions, companies that have had 10 straight years of increasing earnings.

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At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is a managing partner at Formula Capital, an alternative asset management firm that runs several quantitative-based hedge funds as well as a fund of hedge funds. He is also the author of Trade Like a Hedge Fund and Trade Like Warren Buffett. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.

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