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Cramer on Top Searched Stocks: Citi

05/12/08 - 01:30 PM EDT

Stockpickr Staff

Updated from 10:00 a.m. EDT

Wall Street dipped on Friday as investors continued to grapple with surging oil prices, some mediocre earnings reports and this upcoming week's economic data. Crude oil surged to $126 a barrel, and oil bulls and bears are still making their case, thus leaving investors uneasy about this market's direction.

Many market pundits are also awaiting data that will reveal whether we are going to get a boost from the tax rebates currently being sent out by the federal government. Much of this week's data, including retail sales, will give us some clues as to whether we will see a boost.

While Friday's earnings news, including weak reports from AIG AIG and Clear Channel Communications CCU, didn't help much, this week's earnings reports will certainly dictate a lot about the consumer as well as the market. Several big retailers -- Wal-Mart WMT, Macy's M, J.C. Penney JCP -- release their first-quarter results, along with outlooks for later in the year.

The market continues to be choppy, unable to hold a move in either direction. This market is still waiting for any major news to confirm the next move.

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 oil prices and AIG leading all the headlines, we'll kick it off today with Citigroup C.

In a May 8 post on his RealMoney.com blog, Cramer broke down the Citigroup situation.

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