Cramer's Take on Top 10 Most Searched Stocks from 5-13-08
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Created by sarah z
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Date updated:05-13-2008

This portfolio gives Jim Cramer’s recent take on the Top 10 Most Searched Stocks on TheStreet.com from the prior trading day.

symbol name last price % change open
  • +
  • WMT
    Wal Mart Stores
  • $56.60
  • +0.18%
  • $56.93

Cramer recently laid out his view on Wal-Mart in a post. “Wal-Mart's (WMT) right. Stop freaking out. The company is conservative. This is the moment where Wal-Mart shines, and the company has gone through a period where it forecasted way too high for a long time -- they aren't going to let that happen again. One of my major problems with Wal-Mart in the last few years was that they kept saying things were better than they turned out to be. That's why I believe that you have to take their guidance with an ounce of UPOD (underpromise and overdeliver). Lee Scott has done some remarkable things since he realized that the company was losing its lead to others. He's made the stores better and made you feel "richer" when you go. As someone who likes to shop at Target (TGT), Costco (COST) and Wal-Mart, the last one has changed. Meanwhile, the prices are ridiculously cheap and the stores are everywhere. Is there anything better right now than being the cheapest and one of the best in both foods and hard goods? Wal-Mart should be bought on this weakness. You just got another great chance.”

People owning WMT also tend to own: AIGALLBACCCATCBSCOP

TheStreet.com Rating: A- What is this?

  • +
  • AAPL
    Apple Inc
  • $170.12
  • +1.15%
  • $169.59

Cramer also recently gave us his take on the i-phone giant. “We've been where we are right now for leadership. In much of the 1990s, it was Cisco (CSCO), Intel (INTC) and Microsoft (MSFT), with an occasional help/hurt from Oracle (ORCL) and a "maybe significant" from Nortel (NT) or Qualcomm (QCOM). Now it's Apple (AAPL), Research In Motion (RIMM), Google (GOOG) and MasterCard (MA), the last not tech but somehow represents a kind of financial tech that people get behind endlessly. Periodically we key off of Hewlett Packard (HPQ) and IBM (IBM), but if you only use one stock to know which way the wind blows, it's Apple. First, I want to say that you shouldn't mind this narrow-minded focus. Whole bull markets have been powered by narrow-thinking portfolio managers just following the herd and then taking their cue from it to buy other stocks. Apple's an event stock, not an earnings stock, which means you can keep buying it until the event. You can't justify buying Apple at all on earnings. It's entirely product introduction and shortage-based. RIMM's one, too. Again, hard to fathom. The animal spirits demonstrated for both yesterday confounded those of us who do homework because these were all telegraphs. The iPhone's in short supply and loved. The new BlackBerry is good, did anyone think or hear otherwise? I have advised owning calls on these stocks, deep-in-the-moneys out several months, trading around them with common on spikes because they can be fickle. Yesterday was a good day to sell the spike. But any pullback, particularly on Apple, must be bought because the iPhone reiteration will most likely be the tech product of the year. Once it's out, though, the fervor will cool, and then it might be on to the next stock, at least for a while.”

People owning AAPL also tend to own: AMDCSCODELLGOOGIBMINTCMSFT

TheStreet.com Rating: B What is this?

  • +
  • BBI
    Blockbuster Inc
  • $2.67
  • +0.75%
  • $2.70

From a recent Mad Money show: "There is a company that would be at $5 if it hadn't decided to buy Circuit City (CC). That's one of the dumbest thing I've ever seen a company do. Dumb, dumb, dumb, dumb."

People owning BBI also tend to own: AHMAIZALBAMPAVTAXCACASY

TheStreet.com Rating: D What is this?

  • +
  • CC
    Circuit City Strs
  • $2.31
  • -0.43%
  • $2.40

From a recent Mad Money show: I want you to ring the register nine ways to Sunday. I want you to understand this: you need to be out of that stock."

People owning CC also tend to own: PACTYHOOAMZNBBYDELLEBAYMSFT

TheStreet.com Rating: D What is this?

  • +
  • MICC
    Millicom Intl Cel
  • $95.00
  • +0.61%
  • $96.34

From a recent Mad Money show: "This is one of my absolute favorite cell companies. You let that one ride my friend. "

People owning MICC also tend to own: ENERHTELUKPSQWFRXTOAMG

TheStreet.com Rating: A- What is this?

  • +
  • CKH
    Seacor Holdings I
  • $93.81
  • -1.16%
  • $95.43

From a recent Mad Money show: "I like that company. It should be at the top of its 52-week range. I'm a buyer of that one."

People owning CKH also tend to own: AESCTRPDRHEBAYENSLFBG.OBPEIX

TheStreet.com Rating: B What is this?

  • +
  • ISRG
    Intuitive Surg In
  • $250.34
  • +0.07%
  • $251.00

From a recent Mad Money show: "I called the top in that. I want you to ring the register. When you have these hot ones, you have to start taking something off the table."

People owning ISRG also tend to own: ABBASEINVSPGAAPLANZBY.PKBAM

TheStreet.com Rating: B What is this?

  • +
  • GGB
    Gerdau Sa Ads
  • $21.41
  • -5.10%
  • $22.23

From a recent Mad Money show: "That's from Brazil; that stock goes higher. I just think Brazil is so good. I'd buy some more right here."

People owning GGB also tend to own: BMDCCJDVNLIFCSONTSMRVL

TheStreet.com Rating: B What is this?

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