Everything's coming up roses. Or we thought it was after Monday's rally and Tuesday's open. Monday's 936 point jump in the Dow was followed by Tuesday's big open and subsequent selloff. Investors are encouraged by the government's plans to inject $250 billion of the $700 billion bailout into the capital coffers of the nation's largest banks.

Many pundits are talking recession and depressed earnings. Pepsi (PEP) backed that claim by reported a 9.5% drop in third-quarter profit and offered a downbeat profit outlook on Tuesday.

While the banks, such as Citigroup (C), Bank of America (BAC), National City (NCC) and Wells Fargo (WFC) rallied, other mainstays, such as Microsoft (MSFT), Cisco (CSCO) and Apple (AAPL), pulled back with the market.

With this in mind, we we'd take a look at some of the stocks people were searching for on Tuesday on TheStreet.com and see what Jim Cramer's had to say about them lately.

These stocks could be in the news for a number of reasons. Some require immediate attention; others may not. Regardless, it never hurts to hear what Cramer (or any of the other professional investors on the site) has to say about them. The key is to gather as much information as you can in order to make the most informed investment decisions you can.

XL (XL) and KeyCorp (KEY) were up huge on heavy volume, but we'll kick it off with Cramer's take on down-trodden Apple. In a recent post to his RealMoney blog, Cramer wrote:

"Blown away by the importance of Apple here. In the midst of the worst week in history, when the market was cascading down 600 after already being down 1,700 points, one stock stood out as a buy. One! It was Apple.

The stock defied gravity and it gained strength even as the market was falling apart. I cited it as a reason to get bullish here on Friday, and I couldn't believe how the bulls made a stand right on top of it, because of some new Macbook products! Wow, there's a reason to get long.

Anyway, it worked. As long as we had a leader, even if it seemed suicidal, you could create a thesis that allowed you to start buying because of the unique oversold condition.

Now Apple is rolling over and we see that the same effect that brought us up can knock us down.

(We also have a decline coming in the oils, after the big squeeze yesterday, but that's a different story as I just outlined in the previous piece.)

Apple's a mighty strong stock and it deserves to be bought into weakness, but believe me, in the vast scheme of things, it isn't really deserving of this prominence.

I say that because post-product introduction, Apple goes down. So if you bought Apple or watched it and watched it lead you up, you will be prone to selling later for sure."

For more ideas, including Google (GOOG) and Manitowoc (MTW), check out the Cramer's Take portfolio at Stockpickr.com.

(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Cisco and Pepsi for his Action Alerts PLUS charitable trust.)

Posted on Oct. 14, 2008