Cramer's Take on Top 10 Most Searched Stocks from 5-2-08
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Date updated:05-04-2008

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
  • +
  • X
    United States Ste
  • $36.43
  • -1.06%
  • $36.90

In a recent post, Cramer pointed out that Steel stocks aren’t done. "The steels are rolling over! I heard that about half a dozen times this week. People, of course, were looking at the chart, not the order book. They were looking at the head-and-shoulder picture, not the price increases and the strong worldwide demand. One of my favorite stocks is US Steel (X) because of its great, aggressive manager, John Surma, who came into the stock not that long ago at $9! The company is expanding and is largely integrated -- it has all of its own resources that go into steel, except in Europe -- and it's just riding the wave of the great steel shortage. In order to get negative on steel, you have to see much more capacity coming on -- including greenfield capacity -- along with dumping by foreigners and a pretty severe downturn. No, prices can't go up forever. And when you listen to conference calls, you know that midquarter bumps -- more than one bump -- in price may not be sustainable. The problem I have, though, is that without fundamental supply and demand imbalances solved, it is hard to see how the rally can't continue. X has become many peoples' favorite recession short. To me, it is a non-recession long. Not today. It is up too much. But on any day that the shorts knock it down to levels that seem to reflect the move is over. Because it isn't.”

People owning X also tend to own: ACIAINVANRAPCBBDBTUCHK

TheStreet.com Rating: C What is this?

  • +
  • INTC
    Intel Corporation
  • $16.19
  • -1.88%
  • $16.25

Next on our list are a few tech names. In general, Cramer is not a fan of tech stocks right now and recently pointed this out on his Mad Money show. "With very few exceptions, technology stocks have stopped being innovative," said Cramer in last week's "Sell Block" segment. He recommended selling all of what he now calls "old tech," including stocks like Intel (INTC), Seagate (STX) and Cisco (CSCO).

People owning INTC also tend to own: AAPLAMDCSCODELLGOOGIBMMSFT

TheStreet.com Rating: C What is this?

  • +
  • SAPE
    Sapient Corporati
  • $5.54
  • +2.03%
  • $5.42

From a recent Mad Money show: "Oh man, that's just software I don't care for and management has been turning over a lot over there. Say no to that one."

People owning SAPE also tend to own: BRLERESFSLGLWGTHDTVOMCL

TheStreet.com Rating: C What is this?

  • +
  • ELY
    Callaway Golf Co.
  • $7.70
  • 0.00%
  • $7.53

From a recent Mad Money show: "I don't know about this one. Golf may be a declining industry, there's just not enough momentum in the business."

People owning ELY also tend to own: ACLINKEDSUPETELHNZMDTPNR

TheStreet.com Rating: C What is this?

  • +
  • MVL
    Marvel Entertainm
  • $34.77
  • 0.00%
  • $34.02

From a recent Mad Money show: "I have to tell you, I think that Marvel is a winner and I think Iron Man will be a winner. I would pull the trigger ahead of this fabulous opening. "

People owning MVL also tend to own: ADIARWBEAVBRLKMPRVBDSNY

TheStreet.com Rating: B+ What is this?

  • +
  • CSE
    Capitalsource Inc
  • $4.20
  • 0.00%
  • $3.96

From a recent Mad Money show: "I don't like the real estate investment trust business, or anything levered to mortgages."

People owning CSE also tend to own: AUYBPKEYLMTLUNAPEGPWE

TheStreet.com Rating: D+ What is this?

  • +
  • BSC
    Elements Bg Sm Cp
  • $9.16
  • 0.00%
  • $8.83

From a recent Mad Money show: "No, sell this one. There's nothing there, it's already above the offer. If you want JPMorgan Chase (JPM) go buy some of that."

People owning BSC also tend to own: AAPLDEERTSGROWLFCPBRARNA

TheStreet.com Rating: D+ What is this?

  • +
  • ITW
    Illinois Tool Wor
  • $35.95
  • 0.00%
  • $35.94

From a recent Mad Money show: "I was going to do this one in my series this week. ITW is a great company and I would recommend it right here."

People owning ITW also tend to own: ANNAUYBACBHIERICFGE

TheStreet.com Rating: C What is this?

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07.04.09 | 20:10 PM Asked by wil3714

A. Dont fight the new trend. Which is
lower.

It used to be higher until that stopped
working.

Now its lower. It will grind sideways
sucking in weak hands and they will
sell.

The grinding will give way to a selloff
at which point it is time to reenter

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