Cramer on the Top 10 Searched Stocks

Updated from 10:09 a.m. EDT

The economy was once again front and center for the market on Friday, showcasing some surprising strength as job losses decreased and the dollar rose again.

On the earnings front, Chevron CVX posted robust first-quarter profit despite weakness on the refining and chemicals side of its business. Marathon Oil MRO also continued its move higher on Friday, one day after announcing better-than-expected earnings.

And while the Microsoft MSFT and Yahoo! YHOO tug of war continued on Friday, it ended over the weekend as Microsoft rescinded its offer of $33 a share. Yahoo! wanted $37 per share, but neither side blinked.

Top Ten Most Searched Stocks on TheStreet.com

With all of this news out there, we thought it made sense to take a look at Thursday's Top 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 while others may not. But 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.

Despite the oil companies and MSFT-YHOO hogging all of the headlines, we'll kick it off today with U.S. Steel X.

In a RealMoney.com blog post Friday, Cramer pointed out that steel stocks aren't done.

One of my favorite stocks is US Steel because of its great, aggressive manager, John Surma, who came into the stock not that long ago at $9! The company is expanding and is largely integrated -- it has all of its own resources that go into steel, except in Europe -- and it's just riding the wave of the great steel shortage.

In order to get negative on steel, you have to see much more capacity coming on -- including greenfield capacity -- along with dumping by foreigners and a pretty severe downturn. No, prices can't go up forever. And when you listen to conference calls, you know that midquarter bumps -- more than one bump -- in price may not be sustainable.

The problem I have, though, is that without fundamental supply and demand imbalances solved, it is hard to see how the rally can't continue.

X has become many peoples' favorite recession short.

To me, it is a non-recession long. Not today. It is up too much. But on any day that the shorts knock it down to levels that seem to reflect the move is over.

Because it isn't."