By Rebecca Corvino
Posted on July 6, 2009
Trading resumed on Monday after the three-day Independence Day weekend, and stalwarts such as Citigroup (C) and Apple (AAPL) held their ground on TheStreet.com's list of its 10 most-searched stocks for the day. Bank of America (BAC) took over the No. 1 spot, pushing AIG (AIG) down to the third.
At Stockpickr, we've combed through Jim Cramer's recent RealMoney blog posts, "Mad Money" TV show recaps and "Stop Trading!" segments to see what he's had to say lately about some of the stocks on TheStreet.com's list. (A subscription might be required to view Cramer's blog.)
Bank of America (BAC) was No. 1 on today's list.
In a July 1 blog post titled "This Market Knows Something We Don't," Cramer wrote that the morning's pending-home-sales data "should compel some serious buying" in BofA, as well as in JPMorgan (JPM) and Wells Fargo (WFC), the eighth-most-searched stock on TheStreet.com today.
In a June 26 post called "Bears, We Miss You," Cramer called for the bears to return to the market and kick it into action. He said with so many positive stories about banks, there aren't many bets being made against them to provoke "the big moves I am looking for." Nevertheless, he said that going into the second half of the year, "you have to be" in Bank of America and Wells Fargo.
And on June 24's "Stop Trading!" segment on CNBC, Cramer railed against allegations that Fed Chairman Ben Bernanke was involved in any inappropriate way in BofA's acquisition of Merrill Lynch.
Citigroup (C) was No. 2 on today's list.
On June 25, in his "More Stimulus, Please" blog post, Cramer said a decline in the number of lost jobs is necessary for good numbers at tech and oil companies and at banks to be seen as sustainable. Without a turn in employment numbers, he said, Bank of America will see only a "weak turn" and Citigroup will see "no turn" at all.
The day before, in response to reports that Citigroup might raise salaries by as much as 50% this year, Cramer wrote that a post called "Citigroup Stinks Up Wall Street," in which he wrote that the bank "shouldn't be able to do whatever the heck it wants." He said that Citi "has been the most problematic situation of the banks."
Apple (AAPL) was No. 4 on today's list.
On June 26's "Mad Money" show, Cramer said that with its iPhone, Apple stands to reap big benefits from the smartphone rally, which he foresees stretching over multiple years.
On June 26, in a blog post called "Many Tech Farmers in the Dell," Cramer wrote that CEO Steve Jobs' return to Apple and since "everyone loves it again," Dell (DELL) is "the new tell."
Microsoft (MSFT) was No. 7 on today's list.
On June 30, in a blog post called "The Post-Mark-Up Could Sting Industrials," Cramer wrote that he doesn't think the techs or banks "have as much to worry about" due to their "excellent earnings prospects for the coming quarter." He saw no reason to sell Apple or Microsoft at that time.
Wells Fargo (WFC) was No. 8 on today's list.
On his June 26 "Mad Money" show, Cramer said called an imminent bottom in housing and said that fewer disclosures would be a boon to banks such as Wells Fargo in the second half of the year.
Also making the list were GE (GE) at No. 6, Alcoa (AA) at No. 5 and BP (BP) at No. 9. See the whole list in the Top 10 Most-Searched Stocks portfolio.
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