Cramer's Take on Top-Searched Stocks - 12859 views

By Stockpickr Staff
Updated at 2:15 p.m. EDT on March 26, 2009


The rally continues.

Stocks continued to advance on the heels of a positive earnings reports from Best Buy (BBY). The stock has surged in recent weeks amid expectations that Best Buy has gained market share from the closing earlier this month of longtime rival Circuit City.

The rally also received a jolt as news of a stronger-than-expected turnout at a government bond auction further inspired investors to come off the sidelines.

With this in mind, we thought we'd take a look at some of the stocks people have been searching for on TheStreet.com lately 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 while 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.

Thursday’s rally was led by such stocks as Microsoft (MSFT), Intel (INTC) and Cisco (CSCO). Cramer thinks good stuff is finally happening in this market that could keep things going.

In a recent post to his RealMoney blog, Cramer wrote:

“Classic -- a not-so-hot bond auction yesterday freaks people out. A 'bash the dollar' comment from the Treasury secretary freaks people out.

"Next thing you know, it's the end of the great mini bull market.

"Then, we go home, we come to work the next day, and what do we get? We get a great seven-year Treasury auction and we get a complete clarification of the dollar comments from Tim Geithner and they are meaningless -- no change in policy.

"We are in a world right now where everyone has one foot in the doorway, and the door keeps slamming on them.

"You have to understand that we are in a moment where something good is happening. Tech inventories have been worked off, so semis, cell phones and hardware are rallying. Chemical inventories have been worked off, so we see a rally in Du Pont (DD) and Dow (DOW) and International Paper (IP) and the companies that ship them, the rails. We stop hearing the bank nationalization talk and the consumer discretionary panic. Look at Whirlpool (WHR) and Black & Decker (BDK). We get a bottoming out in housing.

"These are good things. It is very tough to have one foot out the door and do better than the market. Right now, before the end of the quarter, you might need three feet in the door to do well.

"That's saying something.”

In Friday afternoon trading, Whirlpool was down $1.35., or 4%, at $32.30. Dow Chemical was down 30 cents, or 3.3%, at $8.91. DuPont was trading down 93 cents, or 4%, at $22.55. International Paper was down 35 cents, or 4.2%, at $8.02; and Black & Decker was trading down $1.25, or 3.9%, at $31.09.

For more of what Cramer's had to say about Thursday's top-searched stocks, including Sigma Designs (SIGM), U.S. Steel (X), Coca-Cola (KO) and Darden (DRI), check out the Cramer's Take portfolio on Stockpickr.

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

Who’s on Stockpickr Answers? David Peltier will be on Stockpickr Answers on March 27 to respond to investing and trading questions posed by members of the Stockpickr community. Not a member? Join the Stockpickr community today -- free.

P.S. Where is Cramer putting his own money? Take a free peek at his personal portfolio to see all his buys and sells by clicking here. When you do, Jim will also send you exclusive email alerts telling you everything he’s about to add to or shed from his Action Alerts PLUS portfolio -- before he makes his trade.

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