Cramer's Take on Top 10 Most Searched Stocks from 5-6-08
10985 views
Rate Now: 1 2 3 4

average rating: 4.00 / 1 ratings
Created by sarah z
DESCRIPTION:

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 Corp.
  • $8.61
  • 0.00%
  • $8.29

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: CFCGFICSGLSTRMOTTRFWU

TheStreet.com Rating: D What is this?

  • +
  • HOV
    Hovnanian Enterpr
  • $3.02
  • 0.00%
  • $2.79

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 Management
  • $28.73
  • 0.00%
  • $28.62

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: C+ What is this?

  • +
  • DRYS
    Dryships Inc.
  • $7.87
  • +1.03%
  • $8.00

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: ACIAINVANRAPCBBDBTUCHK

TheStreet.com Rating: D+ What is this?

  • +
  • ATN
    Atlas Energy Reso
  • $21.20
  • 0.00%
  • $21.65

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: C- What is this?

  • +
  • KR
    Kroger Co.
  • $23.05
  • 0.00%
  • $23.19

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 Corp.
  • $14.17
  • 0.00%
  • $14.36

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: ATIHALMFLXTIEAHMAIZALB

TheStreet.com Rating: D What is this?

  • +
  • TASR
    Taser Internation
  • $4.57
  • +0.22%
  • $4.55

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?

previous next

Portfolio not tracked!

Comments not available

ADD YOUR COMMENTS:

Four Must-See Charts: Stem Cell ...

By Stockpickr Staff Posted on July 2, 2009 Developments in the stem cell world are starting to get very interesting. On Tuesday, General Electric (GE) signed an exc...

07.02.09 | 15:19 PM
Stockpickr's Picks of the Day: J...

By Rebecca Corvino Posted on July 2, 2009 Every day, Stockpickr members are creating and sharing stock ideas with each other through various platforms. If you're not al...

07.02.09 | 13:43 PM
Cramer's Take on Headline Stocks...

By Rebecca Corvino Posted at 12:30 p.m. EDT on July 2, 2009 Making Thursday's headlines and sending stocks lower were reports that June saw the loss of 467,000 more job...

07.02.09 | 12:31 PM
Dividend Stocks for the Week

By Stockpickr Staff Posted on July 2, 2009 Some investors assume that at this time of year, it's the summer doldrums for the stock market. After all, as the saying goe...

07.02.09 | 11:02 AM
more articles
General market Technical Analysi...
11.14.07 | 22:55 PM From author ZA
The Presidential/Political Thread
01.02.08 | 08:05 AM From author Dave Cox
what happened to DSCO?
07.02.09 | 11:45 AM From author Disco Duck
Nymph's Trading Daily Trading Diary
04.13.09 | 01:10 AM From author Trading Nymph
more forums
Q. hgsi lupus drug. results on jul...
07.03.09 | 23:42 PM Asked by 1surfer2

A. the data seems really positive ... I
just read through BioMedReports and
thought it was impressive - the largest
lupus trial ever.

today 's lists
Biggest % Gainers

Here are some of the largest % gainers from July 1, 2009. more

Rising on Unusual Volume

Here are some stocks that moved up on unusual volume on July 1, 2009. more

TSC Ratings Upgrades

These stocks were upgraded by TheStreet.com Ratings on July 1, 2009. Check out the full article here.... more