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.

Top Ten Most Searched Stocks on TheStreet.com

To top it all off, after reviewing its portfolio of bank-owned life insurance, Wachovia WB doubled its previously reported loss for the first quarter.

Some of the only positives came after the closing bell, when Cisco CSCO delivered a stronger-than-expected quarter and Disney DIS delivered an earnings beat as well.

With all of this news out there, we thought it made sense to take a look at Tuesday's Top 10 Most Searched Stocks on TheStreet.com and find out what Jim Cramer's recent takes 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 all the earnings-related news and record oil prices grabbing headlines, we'll kick it off today with Centex CTX and Hovnanian HOV.

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At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.


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