Cramer's Take on Top Searched Stocks from 10-31-08
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Date updated:10-31-2008

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
  • +
  • JPM
    Jp Morgan Chase C
  • $42.16
  • -0.75%
  • $42.67

“Good things keep happening. The 90-day moratorium on foreclosures that JPMorgan Chase (JPM) just issued is gigantic, just gigantic, as it is the repository of Washington Mutual (WM), which has the worst mortgage base of any company. They would be tossing people out left and right if it weren't for this moratorium on $110 billion in mortgages. If you could people in their homes for 90 days, then we might be able to bridge the loans over to the TARP and then the FHA. It doesn't work if the banks foreclose. It is much better for everyone if the banks keep these people in their homes, and then they can offload these loans to the Fed. It just makes so much sense. When I see these things, it tells me that housing will bottom next year, no matter what. I believe the falloff in price will be steep between now and June, but can you imagine if other banks follow JPMorgan and give people 90 days for TARP to work? Right now there are very few homes being built. You take the foreclosure inventory off the market, and you could get to that bottom very quickly. It is the ultimate killer of supply. Demand will then take care of itself if we can keep from having double-digit unemployment. Huge move by JPM. Now let's hope Wells Fargo (WFC) and Bank of America (BAC) get the message!”

People owning JPM also tend to own: AAAIGIBMINTCJNJKOMSFT

TheStreet.com Rating: B- What is this?

  • +
  • MOS
    Mosaic Company (t
  • $55.98
  • +3.48%
  • $54.41

From a recent Mad Money show: "The fertilizer business is a commodity business and I do not want to be in them after this bounce. Sell them where they are."

People owning MOS also tend to own: CCATDEFNMFREGEKO

TheStreet.com Rating: C+ What is this?

  • +
  • STT
    State Street Cp
  • $41.30
  • -0.63%
  • $41.48

From a recent Mad Money show: "I was worried about them, but now I think this one is a buy. I think they took the Fed money and I like State Street."

People owning STT also tend to own: APHBCRBKCSCCSLGPCGR

TheStreet.com Rating: C+ What is this?

  • +
  • UA
    Under Armour Inc
  • $27.14
  • 0.00%
  • $N/A

From a recent Mad Money show: "UnderArmour reported a good quarter but it didn't matter. Can I recommend Nike (NKE) as a better play instead. Let's buy that one under $50 a share."

People owning UA also tend to own: EWAGABTXPHOSAGBXSFVBXAGPALXN

TheStreet.com Rating: C+ What is this?

  • +
  • COH
    Coach Inc
  • $35.79
  • +2.46%
  • $35.61

From a recent Mad Money show: "This stock is just going to mark time. No one wants to invest in high end handbags, but I'm a buyer of Coach. Their CEO will turn this one around."

People owning COH also tend to own: AMTANFAVIDCNOCOSTESIEXPD

TheStreet.com Rating: B- What is this?

  • +
  • SGP
    Sgp
  • $0.00
  • N/A
  • $N/A

From a recent Mad Money show: "It's good, but it's not as good at Abbott Laboratories (ABT). I'd rather see you in Abbott."

People owning SGP also tend to own: AMGNAPABACCCOPCVXDOW

TheStreet.com Rating: No Rating What is this?

  • +
  • PHG
    Koninklijke Phlp
  • $28.46
  • +3.15%
  • $28.12

From a recent Mad Money show: "This has a lot of healthcare and that business is real bad right now. I do not have a catalyst for that one, so don't buy."

People owning PHG also tend to own: SGTLBPCSRTPSTDVEBA

TheStreet.com Rating: C What is this?

  • +
  • ALD
    Allied Cap Corp
  • $3.57
  • 0.00%
  • $N/A

From a recent Mad Money show: "That one yields 32% and that's a red flag. That dividend is just not safe."

People owning ALD also tend to own: BMYCNEDSXGAINGOODHTEML.TO

TheStreet.com Rating: D What is this?

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