Cramer's Take on Top-Searched Stocks
Stockpickr Staff
02/03/09 - 05:38 PM EST
Updated from 7:02 a.m. EST
Most equity markets closed lower on Monday as anxious investors waited on information out of Washington on both the stimulus package and possible plans to assist banks with bad assets.
Economic news was mixed for the day.
Macy's(M) announced 7,000 job cuts and plans to slash its dividend.
Mattel(MAT), the world's largest toymaker, reported a much higher-than-expected 46% quarterly drop in profits resulting from poor holiday sales.
On a brighter note, the
Nasdaq gained 1.2%, led by
Microsoft(MSFT) and
Apple (AAPL), as investors made bets that the administration's stimulus plans will benefit tech stocks.
With this in mind, we thought we'd take a look at some of the stocks people have been searching for on
TheStreet.com (including
Alcoa (AA)) and see what
Jim Cramer's had to say about them lately.
To read more,
visit Stockpickr.com.
In Tuesday trading, shares of Alcoa closed at $8.04 (up 4.55% for the day; down 28.6% year-to-date).