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Cramer on Top Searched Stocks: Wal-Mart

05/14/08 - 11:25 AM EDT

James Altucher

Updated from 7:02 a.m. EDT

Iran's plan to cut crude oil production helped boost oil to a new record price of nearly $127 a barrel Tuesday. Meanwhile, gas prices set a new record of $3.73 a gallon. Indicators suggest no immediate slowdown to the escalating price of gas, with the summer driving season just around the corner.

So what does this mean for stocks? Well, not much if you look at the market over the last few days. The major indices have been relatively strong in the face of all of this action in oil.

Wal-Mart WMT offered a cautious outlook and we saw home prices post their steepest drop in the last quarter century.

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 take has recently been on them.

Top Ten Most Searched Stocks on TheStreet.com

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.

Although Icahn is reportedly contemplating a proxy fight at Yahoo! YHOO over the failed Microsoft MSFT deal, we'll kick it off today with Wal-Mart.

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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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