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Cramer on Top Searched Stocks: Deere

05/16/08 - 09:34 AM EDT

James Altucher

Updated from 9:34 a.m. EDT

As expected, the Labor Department reported yesterday that applications for jobless benefits rose slightly last week. New York had the biggest rise in such claims due in large part to layoffs in the transportation and service industries while neighboring New Jersey experienced one of the largest statewide declines in jobless benefit claims.

The market interpreted the report as an indication the labor market remains weak but in check. The report follows a slight drop in jobless claims in the week prior.

CBS CBS also made headlines with its announcement to acquire CNET CNET, an online technology news and entertainment company. The $1.75 billion deal is expected to close in the third quarter, and CBS is hoping the acquisition will bolster its online presence.

Meanwhile, General Electric GE plans to auction off its appliance unit for $5 billion to $8 billion. The appliance unit, hurt in large part by the housing slump and high metal prices, accounts for only about 4% of the conglomerate's $173 billion annual revenue.

TSC's Top 10 Most Searched Stocks

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 make.

Despite the swath of new economic data and Carl Icahn's rising battle with Yahoo! YHOO grabbing all of the headlines, we'll kick it off today with Deere DE.

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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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