Cramer's Take on Top Searched Stocks from 2-6-09
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Date updated:02-09-2009

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

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symbol name last price % change open
  • +
  • JPM
    Jp Morgan Chase C
  • $44.35
  • +2.00%
  • $43.93

“Watch JPMorgan (JPM). In many ways this stock holds the key to the next level of investment in banks. It holds the key because it gives us a third bank, one that is retail-deposit-oriented, to allow us to merge the "too big to fail" banks if we have to. Understand, nationalization must be taken off the table. The reason that term even comes up is because the banks that we are most worried about, Citigroup (C) and Bank of America (BAC), are too large to be taken over by any other bank as currently configured, and there aren't enough healthy retail deposit banks of any scale to absorb them. You can't give them to Hudson City Bancorp (HCBK), you know. Which brings me to JPMorgan. The FDIC had two banks healthy enough to give unhealthy banks to: Goldman (GS) and Morgan Stanley (MS). They can both set up retail operations if they have to. If you took all of the bad assets and dumped them into the FDIC, Goldman and Morgan Stanley can run all of the other operations and take the deposits. But it would be far better to split up these banks three ways, some Goldman Sachs, some Morgan Stanley and some JPMorgan, with Morgan being the big retail bank for the country. Believe me, this is all disaster-scenario stuff, but if there is one thing that the previous administration lacked, it's a disaster scenario. If you can certify JPMorgan's health, you can allow it to rebuild its capital by giving it the deposits of Citigroup or Bank of America. That would get them there. The same thing, of course, applies to many of the troubled banks out there, the SunTrusts (STI), Comericas (CMA) and perhaps even the PNCs (PNC). Right now I believe JPMorgan is too hobbled. Maybe I am just listening to what Jamie Dimon has to say -- he has me plenty worried. Maybe I am looking at how bad the book of business is that it inherited from Washington Mutual. No matter what, it might not deserve the FDIC's largesse. No bank that needs government money should be entitled to the windfall of someone else's deposits. Of course, you could argue that Wells Fargo's (WFC) in the same shape as JPMorgan, close to being able to take deposit gifts. But I am worried that its Wachovia acquisition will preclude them from being a winner in this scenario. Doesn't mean it will be a loser. Just something in between.”

People owning JPM also tend to own: AAAIGIBMINTCJNJKOMSFT

TheStreet.com Rating: B- What is this?

  • +
  • FWLT
    Foster Wheeler Ag
  • $32.65
  • +4.45%
  • $31.71

From a recent Mad Money show:"The mega projects they predicted are all coming true. I'm not willing to walk away. They're going to make the quarter and I'm a buyer."

People owning FWLT also tend to own: AIGBACCPWRDISGSHAL

TheStreet.com Rating: C+ What is this?

  • +
  • PRGO
    Perrigo Company
  • $39.62
  • +1.12%
  • $39.50

From a recent Mad Money show:"I was surprised by the pullback, but they had a bad quarter. They should be doing well, but they aren't, so I'm a seller."

People owning PRGO also tend to own: OMNITSCMABMDCBMCLRTEXMILA

TheStreet.com Rating: B+ What is this?

  • +
  • EXC
    Exelon Corporatio
  • $47.52
  • +1.76%
  • $47.17

From a recent Mad Money show:"I think everyone was expecting them to make more money, but now oil's come down. That's why I'm recommending Duke Energy . That's your play, it's a better business with a better dividend."

People owning EXC also tend to own: BACVXFDXFMDGOOGUNHBBY

TheStreet.com Rating: C+ What is this?

  • +
  • ERTS
    Electronic Arts I
  • $19.53
  • +2.79%
  • $19.35

From a recent Mad Money show:"I'm confused. They had an awful quarter, they laid off a bunch of people, now they're up. I don't trust it, I'm a seller."

People owning ERTS also tend to own: DTVKSWSMDCOSTKUSGHSYNBR

TheStreet.com Rating: D What is this?

  • +
  • KGC
    Kinross Gold Cp
  • $19.41
  • +4.02%
  • $19.52

From a recent Mad Money show:"That's a good gold play, but we want the lowest cost producer and that's Agnico-Eagle Mines (AEM). I'd rather see you there."

People owning KGC also tend to own: AIRNAUYEFIIFXIHLSNDKSPN

TheStreet.com Rating: C- What is this?

  • +
  • ATHN
    Athenahealth
  • $41.91
  • 0.00%
  • $N/A

From a recent Mad Money show:"I've liked Athena. It helps keep the cost of health care down. Athena is part of the solution."

People owning ATHN also tend to own: FROLVLTRHYTMACATCPSLCSCO

TheStreet.com Rating: D What is this?

  • +
  • WMT
    Wal Mart Stores
  • $52.00
  • +1.46%
  • $51.66

From a recent Mad Money show:"You're buying it down 20 points and I think this is a great level. I like Wal-Mart very much."

People owning WMT also tend to own: AIGALLBACCCATCBSCOP

TheStreet.com Rating: B What is this?

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