Skip to main content TV Recap: Behind Amazon's 'Surprise'

How Reg FD is making everything a bit cloudier.

Regulation FD, for "fair disclosure," is actually making it harder to get a true sense of a stock, and look no further than


(AMZN) - Get Free Report

huge surprise to see an example, Jim Cramer said on TV's Wall St. Confidential

Web video Wednesday.

Pre-Regular FD, companies "shaded higher" by talking more freely with analysts, he said. "For the first time we have combined Reg. FD with the decision by most companies to not help you guide earnings," Cramer said. "There's no guide up and no forecast so the analysts are doing their own forecasting for the first time and they're missing it."

In Amazon's case, it didn't give anybody a heads up that it had cut its spending growth. The analysts had "no idea" Amazon was going to do that, he said.

"No companies are talking," Cramer said. "This is the new world that we are in. They are not helping the analysts."

Amazon, meanwhile, is up 20% and it's not done, he predicted. "There are too many shorts." The whole strategy of Amazon, Cramer continued, had been to outspend everybody. But now that's over, he said.


(GLW) - Get Free Report

, Cramer believes, sandbagged analysts, because "over and over" the company said there was not a strong demand for LCDs or fiber. Today it displayed strength in both respects.

"This again is misdirection by a company that's doing much better than expected," he said. "I don't see why anybody should have gotten Corning right."

The hard-goods retailers like


(COST) - Get Free Report


Best Buy

(BBY) - Get Free Report

aren't seeing any "pin action" off of Corning's success, however, because "it's a volume, not a price issue," Cramer said.


AU Optronics





should benefit from Corning, he said.

At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click

here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click

here to order his book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here. has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from