NEW YORK (TheStreet) -- On CNBC's "Cramer's Stop Trading" segment, Jim Cramer said Rite Aid (RAD) is taking the pharmacy industry by storm along with CVS Caremark (CVS) and Walgreen (WAG). The three companies -- an oligopoly -- are squeezing the middle man.Rite Aid is no longer a turnaround story, Cramer said, it is an earnings story. The company's 5% same store sales increase beat his expectations of 3% to 4% growth.
Cramer says Yelp (YELP) sparked the 'algorithm of the Internet' when it did well in he quarter.
"It's almost as if a machine says,'Oh, good!'" on Yelp results, "'We've got to buy Facebook (FB), Workday (WDAY) and Concur Technologies (CNQR),'" Cramer said. And you've got a move all at once to to these Internet companies.
-- Written by Anthony Buccino in New York.