Cramer's Take on Top 10 Most Searched Stocks from 5-6-08
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Date updated:05-06-2008

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
  • +
  • CTX
    Centex Cp
  • $13.42
  • +7.27%
  • $12.48

In a recent post, Cramer shouted “Hail to the Homebuilders.” “Sure the banks are down. But you know what is more important? The homebuilders are up. These are the lead indicators, and in case you have been on Mars, they bottomed many months ago. Now every pullback has to be bought -- take a look for instance at how buyable the Centex (CTX) pullback was. Every time the group comes in, buyers seek them out. Take this morning. I am sitting here reading the awful Hovnanian (HOV) number, every bit as bad as the Centex numbers, and all I can think of is, "How much will this dog go up on these crummy numbers?" The answer is: a ton. It is incredible because there is nothing here to grasp. Sure the cash flow is much better than I thought. But does anyone think these companies are going to prosper? The cash flow was up because they cut prices big and dumped homes. That's where the cash flow came from. Soon, at this pace, these stocks will no longer be reflecting bankruptcy; they will be reflecting earnings growth even though the cash flow comes from earnings shrinkage! The whole thing is a little Alice in Wonderland like. You can't get this group to down. It just won't go down. In the end, I don't care as much about the homebuilders themselves as I care about the impact on the banks. HOV showed, like CTX, that if you cut prices big, you sell homes. That's a great lesson for the banks. They ought to take it!”

People owning CTX also tend to own: CFCGFIIIGIOMOLXXJTCSG

TheStreet.com Rating: D What is this?

  • +
  • HOV
    Hovnanian Ent Inc
  • $5.64
  • +21.55%
  • $4.77

In a recent post, Cramer shouted “Hail to the Homebuilders.” “Sure the banks are down. But you know what is more important? The homebuilders are up. These are the lead indicators, and in case you have been on Mars, they bottomed many months ago. Now every pullback has to be bought -- take a look for instance at how buyable the Centex (CTX) pullback was. Every time the group comes in, buyers seek them out. Take this morning. I am sitting here reading the awful Hovnanian (HOV) number, every bit as bad as the Centex numbers, and all I can think of is, "How much will this dog go up on these crummy numbers?" The answer is: a ton. It is incredible because there is nothing here to grasp. Sure the cash flow is much better than I thought. But does anyone think these companies are going to prosper? The cash flow was up because they cut prices big and dumped homes. That's where the cash flow came from. Soon, at this pace, these stocks will no longer be reflecting bankruptcy; they will be reflecting earnings growth even though the cash flow comes from earnings shrinkage! The whole thing is a little Alice in Wonderland like. You can't get this group to down. It just won't go down. In the end, I don't care as much about the homebuilders themselves as I care about the impact on the banks. HOV showed, like CTX, that if you cut prices big, you sell homes. That's a great lesson for the banks. They ought to take it!”

People owning HOV also tend to own: AETBZHCGIFBPKBHLUKMDC

TheStreet.com Rating: D What is this?

  • +
  • WMI
    Waste Mgmt Inc
  • $36.54
  • +1.44%
  • $35.98

From a recent Mad Money show: "I have to tell you, this is a company that's really well-run and is a solid, solid buy right here."

People owning WMI also tend to own: ATIRIMMHMASYMCAWRSGGE

TheStreet.com Rating: B What is this?

  • +
  • DRYS
    Dryships Inc.
  • $76.42
  • +4.27%
  • $73.55

From a recent Mad Money show: "This whole sector is coming back and I've repeatedly said that Frontline (FRO) is the play, but this one is good, too."

People owning DRYS also tend to own: CAMCEOCLBCOPDOFCXFDG

TheStreet.com Rating: B What is this?

  • +
  • ATN
    Atlas Energy Reso
  • $37.58
  • -1.00%
  • $37.38

From a recent Mad Money show: "I like them. I like the oil shale. This is one that's going higher. I think that's just a terrific natural gas play."

People owning ATN also tend to own: CEPDIVXEVRGLSGOOGKBWMORN

TheStreet.com Rating: D What is this?

  • +
  • KR
    Kroger Co
  • $29.76
  • +1.54%
  • $29.24

From a recent Mad Money show: "Both Safeway (SWY) and Kroger are breaking out. I say pull the trigger here; the pin action there is great."

People owning KR also tend to own: HITKLCICACLECSCOFITBGE

TheStreet.com Rating: B What is this?

  • +
  • TEX
    Terex Cp
  • $46.96
  • -1.34%
  • $47.89

From a recent Mad Money show: "I have been surprised that Terex hasn't kept up with Caterpillar (CAT). I think it'll play catch up with the group soon."

People owning TEX also tend to own: ANRAYIBUCYCBICIRCMCCRK

TheStreet.com Rating: B What is this?

  • +
  • TASR
    Taser Intl Inc
  • $5.47
  • +7.25%
  • $5.15

From a recent Mad Money show: "I don't care for Taser, this is one that was a high-flyer, but its yesterday's news. The momentum is gone."

People owning TASR also tend to own: AMDEXELPDLIPIODXZOLTNUANWFMI

TheStreet.com Rating: C What is this?

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