Cramer's Take on Top 10 Most Searched Stocks from 6-20-08
4694 views
Rate Now: 1 2 3 4

average rating: 0.00 / 0 ratings
Created by sarah z
DESCRIPTION:

Date updated:06-22-2008

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
  • +
  • MS
    Morgan Stanley
  • $32.60
  • +0.56%
  • $31.93

In the recent post below, Cramer breaks down financials including Morgan Stanley. “How unbelievable is the endless bottom-calling in banks and financials? I can see why we want to do it. There has to be some value there. Has to be. But I can't find it. I do believe -and I have been chipping away at -- Morgan Stanley (MS), but that is precisely because I don't see the value in Citigroup (C), Merrill Lynch (MER) and Lehman Brothers (LEH). Business is going to go away from them if I am right. In other words, there could be some share take and that's worth buying something for. I can bottom fish in MS, unlike what the Wall Street Journal says, because it doesn't need capital and I can count on one hand those banks that don't need capital. • I think that Merrill needs capital big time. I know that because of how much John Thain says they don't, and that's become a reliable indicator. • I think that Citigroup has no plan whatsoever - nor a handle on what's been done there before Vik got involved. • I believe Lehman needs more capital because of London mortgages and because of the bad 2007 vintages on its books. All of those companies MUST deny this or else how can they raise capital!! I think that too many people are taking their cue from the BKX which isn't coming down. Why is it a false tell? Because what matters with banks is RESERVES, not price action, and reserves are too low. So, you can call a bottom in "the banks" and then be in the bank that has too low reserves. Let's take the case of Wells Fargo (WFC). I like this bank but I believe it might need more capital. The fact that it rallied off the $24 level is of no interest to me if it needs reserves. But it seems to be of endless interest to the bottom callers. Of course, I understand where all of this comes from, which is the incredible move we had in the financials since January, where a BAC went from $36 to $45 in a heartbeat. Who doesn't want to catch that one? Maybe we get the same again, is what people are probably thinking. But at that point we still had the Fed as our friend and we had Congress getting involved in the housing mess and we had a sense that banks had unlimited power to capital raise. All three are gone as a prop now. So, I am not a bottom caller UNLESS there is a big share-take going on, and the only one I know of is Morgan Stanley."

People owning MS also tend to own: AIGBACCPWRDISFWLTGS

TheStreet.com Rating: D+ What is this?

  • +
  • QCOM
    Qualcomm Incorpor
  • $43.90
  • +0.11%
  • $43.54

From a recent Mad Money show: "I missed this one. People told me about it and I didn't listen. All I can say is that it's going higher."

People owning QCOM also tend to own: AAAAPLADBEBAMDVYGEHON

TheStreet.com Rating: B- What is this?

  • +
  • HSY
    The Hershey Compa
  • $37.62
  • +0.91%
  • $37.20

From a recent Mad Money show: "I don't think Hershey has the horses. I see the house of pain for that company. On any lift I want you to sell, sell, sell."

People owning HSY also tend to own: ERTSNBRGMEGOOGKONFLXNKE

TheStreet.com Rating: B What is this?

  • +
  • SHLD
    Sears Holdings Co
  • $67.65
  • +1.14%
  • $67.36

From a recent Mad Money show: "I'm not confident with Sears. I like their CEO, Eddie Lampert, but I only like Costco (COST), Wal-Mart (WMT), TJX Companies (TJX) and Urban Outfitters (URBN). Everything else is a sell."

People owning SHLD also tend to own: AAALLAPCBABACCCAT

TheStreet.com Rating: D+ What is this?

  • +
  • GTE
    Gran Tierra Energ
  • $4.81
  • -4.18%
  • $4.96

From a recent Mad Money show: "I don't want you to run for the exits here. Buy some more if it falls below $7."

People owning GTE also tend to own: BHPHWAEPGMHNZARRSAVAV

TheStreet.com Rating: D- What is this?

  • +
  • GSI
    General Steel Hld
  • $4.32
  • 0.00%
  • $N/A

From a recent Mad Money show: "I've looked at it and I like it. I like United States Steel (X) and Reliance Steel (RS) and I think you should buy them all on any weakness."

People owning GSI also tend to own: AUYGLWGMOHALHLXIOMR

TheStreet.com Rating: C What is this?

  • +
  • DE
    Deere Co
  • $47.16
  • -1.97%
  • $47.79

From a recent Mad Money show: "I just bought some for my trust. I think it's down so much that Deere is a buy not a sell. Don't give up on it, pull the trigger and buy some."

People owning DE also tend to own: AAPLAATICATCOFCOPDVNGS

TheStreet.com Rating: B- What is this?

  • +
  • WMB
    Williams Cos
  • $19.57
  • -0.51%
  • $19.46

From a recent Mad Money show: "You know I love this stock. This natural gas situation is not ending any time soon."

People owning WMB also tend to own: AHMAIZALBAMPAVTAXCABBI

TheStreet.com Rating: B- What is this?

previous next

Portfolio not tracked!

Comments not available

ADD YOUR COMMENTS:

This Week's 'Barron's' Roundup

By Roberto Pedone Posted on Nov. 9, 2009 Financial-Services Bull: Barron’s talks with Anton Schutz, portfolio manager at the Burnham Financial Industries Fund (BURFX)...

11.09.09 | 11:01 AM
Rocket Stocks for the Week

By Jonas Elmerraji Posted on Nov. 9, 2009 Last week brought investors a welcome return to gains as the S&P 500 pushed up 3.2% over the course of the last five trading d...

11.09.09 | 08:04 AM
Jim Cramer's Portfolios of the Week

By Roberto Pedone Posted on Nov. 6, 2009 According to Jim Cramer, the bears are tellinginvestors six lies. On Wednesday’s “Mad Money” TV show, Cramer said if you ...

11.06.09 | 15:52 PM
'Fast Money' Portfolios of the Week

By Roberto Pedone Posted on Nov. 5, 2009 The traders on CNBC’s “Fast Money” told their viewers what they must know after Warren Buffett announced on Tuesday his l...

11.05.09 | 12:05 PM
more articles
Nymph's Trading Daily Trading Diary
04.13.09 | 01:10 AM From author Trading Nymph
Wealth distribution by race and ...
11.23.08 | 18:44 PM From author Valerie J
The Presidential/Political Thread
01.02.08 | 08:05 AM From author Dave Cox
Full Disclosure
11.09.08 | 12:30 PM From author alchemist
more forums
today 's lists
Analyst Upgrades

Analyst Upgrades for Nov. 2, 2009. Read more here. more

52-Week Lows

Here is a list of some of the biggest stocks that hit 52-week lows on Nov. 2, 2009. more

Biggest % Gainers

Here are some of the largest % gainers from Nov. 2, 2009. more