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Cramer on Top-Searched Stocks: Yamana

By Stockpickr Staff
5/23/2008 12:14 PM EDT
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Updated from 9:45 a.m. EDT

 
An unexpected drop in unemployment claims resulted in Thursday's moderately high open. Despite this upswing, all eyes remain fixed on the continuous rise in the price of oil. Oil futures broke through $135 per barrel overnight for the first time, extending a run-up that has hurt stocks. However, the market remained steady as oil fell throughout the day.

Suffering from its exposure to the U.S. mortgage market, UBS AG (UBS - commentary - Cramer's Take) recently declared it would raise $15.5 billion in a rights issue at a 31% discount to the current share price. Existing shareholders can buy new shares at 21 francs ($20.09), compared with the closing price of 30.64 francs on the Zurich exchange Wednesday.

Meanwhile, in the power industry, wholesaler NRG Energy (NRG - commentary - Cramer's Take) offered to buy rival Calpine (CPN - commentary - Cramer's Take) for about $11.3 billion in stock to expand its current network, which has an ownership interest in 47 power-generating facilities around the world. The takeover attempt comes less than four months after Calpine emerged from a two-year stint operating under Chapter 11 bankruptcy protection.

So what does this all mean? We thought we'd take a look at yesterday's 10 most-searched stocks on TheStreet.com and find out what Jim Cramer's take has recently been on them.

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.

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