Cramer's Take on Top Searched Stocks from 10-2-08
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Date updated:10-02-2008

This portfolio gives Jim Cramer’s recent take on 10 heavily searched stocks on TheStreet.com from the prior trading day.

symbol name last price % change open
  • +
  • MOS
    Mosaic Company (t
  • $55.98
  • +3.48%
  • $54.41

“Nothing epitomized momentum like the fertilizer stocks. Somehow this totally commoditized industry caught the attention of everyone, as a combination of ethanol demand and worldwide food crisis gave it the hue of a Google (GOOG) or an Intel (INTC) from years past, coupled with a long-term thesis that felt as though rising prices could always be justified. But then the underlying product, corn mostly, got crushed, and the economics of the product changed. Amazingly, few people wanted to believe this trend, even though the whole case for the endless price rises taken by Potash (POT), Agrium (AGU) and Mosaic (MOS) stood on the issue of higher grain prices. Once that prop was removed, it seemed fairly obvious that the stocks had had it. But in a testament to the gods of momentum, when I pulled these stocks and put them in the "sell block," something I do every Thursday on "Mad Money," the viewers went nuts and considered in an ultimate betrayal. The anger astonished me, as I had been for these stocks for years, and the gains were stupendous. Some were angry that I had failed to call a top - frankly, that was just way too hard. Others were angry because the companies had endlessly talked about how inventories for food worldwide were the lowest they have ever been. To me, there was nothing to this one, corn down, and I didn't care where I said to sell 'em, because the trick to commodities is to rack up a big gain and then say "sayonara," not at the peak of the stock but at the peak of the end market. That's the same case for steel, where I missed the top until China stopped ordering. People have to recognize that when you trade commodity stocks in this era or any era, there is a time to buy and a time to sell. You buy when prices are going up and the end-market takes the pricing. You sell when the end-market balks, not when the companies lower pricing. The latter will always get you out too late.”

People owning MOS also tend to own: CCATDEFNMFREGEKO

TheStreet.com Rating: C+ What is this?

  • +
  • X
    United States Ste
  • $43.67
  • +3.88%
  • $42.51

From a recent Mad Money show: "The price of steel is coming down, so there's no way Wall Street will buy into that. Wall Street is being ridiculous, but that stock needs to go lower before it can be bought."

People owning X also tend to own: ACIAINVANRAPCBBDBTUCHK

TheStreet.com Rating: D+ What is this?

  • +
  • HON
    Honeywell Intl In
  • $39.11
  • +0.88%
  • $38.77

From a recent Mad Money show: "I have to tell you, I'm seeing some incredible prices out here. I need to see the Boeing strike over though before we can buy in."

People owning HON also tend to own: AAALLAPCBABACCCAT

TheStreet.com Rating: B- What is this?

  • +
  • CMCSA
    Comcast Corporati
  • $15.07
  • -0.33%
  • $15.11

From a recent Mad Money show: "I think Comcast has bottomed and cable is starting to come back up. I think under $20 this one is a buy!"

People owning CMCSA also tend to own: CHDT.OBQMARRSFF.OBTWXWSDT.PKAAPLADBE

TheStreet.com Rating: C+ What is this?

  • +
  • RIMM
    Research In Motio
  • $59.76
  • 0.00%
  • $N/A

From a recent Mad Money show: "This is a stock I've liked for a long time. This is one of the few tech stocks I want to own, along with Apple."

People owning RIMM also tend to own: AAPLAPAAUYBPCCMECOP

TheStreet.com Rating: B- What is this?

  • +
  • JEF
    Jefferies Group I
  • $24.22
  • -1.42%
  • $24.67

From a recent Mad Money show: "Very well run but I'm not recommending any brokers. I'm done recommending brokers and hurting people. "

People owning JEF also tend to own: ACFBMYBRK-ABRK-BCNQDJCODUK

TheStreet.com Rating: C What is this?

  • +
  • AUY
    Yamana Gold Inc
  • $13.86
  • +2.06%
  • $13.79

From a recent Mad Money show: "I like the guy who runs it, but he has disappointed, disappointed, disappointed and I'm not recommending it."

People owning AUY also tend to own: BDYIMAXAIRNEFIIFXIHLKGC

TheStreet.com Rating: No Rating What is this?

  • +
  • ACI
    Arch Coal Inc
  • $21.80
  • +1.35%
  • $21.72

From a recent Mad Money show: "I do not want to recommend this one, either. Obama hates coal so I have to as well."

People owning ACI also tend to own: AAPLAEMCOPERFGOOGHALNE

TheStreet.com Rating: C What is this?

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