Stockpickr
Cramer's Take on Top 10 Searched Stocks
05/07/08 - 10:39 AM EDT
Updated from 7:01 a.m. EDT Stocks made another strong statement Tuesday despite soaring oil prices. Many market pundits as well as investors feel we have turned the corner. Others are saying this is a classic bear trap. The news Tuesday on the earnings front was not that great, yet it seems that bargain hunters were looking to buy on any dip. On the earnings front, Fannie Mae FNM posted a larger-than-expected first-quarter loss of $2.2 billion. Homebuilder D.R. Horton DHI reported a quarterly loss of $1.3 billion. UBS UBS joined the party with a giant loss and a plan to cut 7% of its workforce.
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