Cramer on Top-Searched Stocks
06/09/08 - 11:51 AM EDT
Stockpickr Staff
Updated from 9:23 a.m. EDT
Wall Street took a significant plunge on Friday after oil surged and a higher-than-expected jump in unemployment was announced. Oil prices shot up nearly $11 a barrel on Friday, extending big gains from the previous day and racing toward an all-time high after analysts predicted that prices could hit $150 by the Fourth of July. The spike in energy prices comes as the Labor Department has said the nation's unemployment rate jumped to 5.5% in May from 5.0% in April. It was the biggest monthly increase since February 1986, and the rise leaves unemployment at it highest level since October 2004. It comes as no surprise that bond prices were driven higher by investors seeking a safe place from the storm. Washington Mutual(WM Quote - Cramer on WM - Stock Picks), Pfizer(PFE Quote - Cramer on PFE - Stock Picks) and Microsoft(MSFT Quote - Cramer on MSFT - Stock Picks) led the way for the losers on Friday. Not that there were many winners. With this in mind, we thought we'd take a look at Friday's most-searched stocks on TheStreet.com and find out what Jim Cramer's had to say about them recently. These stocks could be in the news for a number of reasons. Some require immediate attention; others may not. Regardless, 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. We'll kick it off today with Cramer's take on some consumer stocks. In a recent post to his RealMoney blog, Cramer broke down a number of consumer names, including Procter & Gamble(PG Quote - Cramer on PG - Stock Picks).
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