During the week of Jan. 14, TheStreet.com readers searched for 10 stocks more than any others. This week, new entrants Yamana Gold(AUY Quote - Cramer on AUY - Stock Picks), Ambac Financial(ABK Quote - Cramer on ABK - Stock Picks) and MBIA(MBI Quote - Cramer on MBI - Stock Picks) join the list. Every week, research associate Patrick Schultz makes the buy, sell or hold call on them below, in the order of their popularity.
Top 10 Most Searched Stocks on TheStreet.com, January 23 |
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1. Apple(AAPL Quote - Cramer on AAPL - Stock Picks): Investors were expecting shock and awe in Apple's earnings report. Instead, they got a nice dose of shock and panic as shares plunged in after-hours trading on disappointing iPod sales.
Given this panic selling, the stock looks attractively valued at 21x forward EPS. Don't be aggressive here. Instead, be patient as the stock will trade with heightened volatility post-earnings. Let all the alarmists finish their selling and use the weakness to your advantage. --
BUY
2. Citigroup(C Quote - Cramer on C - Stock Picks): The belated, but much needed, inter-meeting Fed rate cut is a good start (and I emphasize start) to help steer this financial train wreck onto the right track. As expected last week, Vikram Pandit and company reported ugly earnings, and the stock continued its descent. I am resisting the temptation to be overly negative now, because the stock is already down so far.
In a contrarian bent, I am looking for the positives (very difficult I know) as everybody already knows the problems. The current price quote is starting to reflect a better risk/reward and I would look to build a position if it traded down to the $20-$22 range. Until then, I am staying on the sidelines. --
HOLD
3. Bank of America(BAC Quote - Cramer on BAC - Stock Picks): Even with the poor earnings results this week, it is all about interest rate cuts and the future of interest rates. If the financial stocks start getting the Fed at their back and not in their face, we could see some nice upside here. --
BUY
4. Intel(INTC Quote - Cramer on INTC - Stock Picks): The premier name in the semiconductor sector is offering a terrific entry level with the stock down over 30% in less than a month. Indiscriminate selling in the tech sector crushed this stock, and I would buy here. --
BUY
5. Sirius Satellite(SIRI Quote - Cramer on SIRI - Stock Picks): The holding pattern continues as we wait for merger approval news. I still like the risk/reward as the stock has dipped below $3. --
BUY
Patrick Schultz
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