TSC Power Stock Rankings: Con Ed

During the week of June 30, TheStreet.com readers searched for the following 10 stocks more than any others. Each week, I make the Buy, Sell or Hold call on them below, in the order of their popularity.

1. Apple(AAPL - Cramer's Take - Stockpickr): The talk of the town is the imminent launch of the new 3G iPhone. The stock has been range bound from a low of $165 to $175. I just want to nibble here and watch how the market reacts post-launch, as the current environment is very weak and could override any Apple-specific positive news. -- BUY

2. Southwestern Energy(SWN - Cramer's Take - Stockpickr): Natural gas is good. Natural gas is fun. Natural gas is for everyone. Stocks with exposure to natural gas need to be bought. Stick with SWN, a natural gas exploration-and-production company, as this sector is one of the few areas working in this bear market. -- BUY

3. Research In Motion(RIMM - Cramer's Take - Stockpickr): RIMM is still trying to work off its hangover from the ugly earnings release in late June. Investors were not happy with the results and outlook from the maker of the addictive BlackBerry device. I am sticking with my often-repeated rule of thumb: Don't bet against RIMM. The road to riches is littered with RIMM bears. -- BUY

4. Citigroup(C - Cramer's Take - Stockpickr): Another week, another round of my personal self-loathing for actually recommending this cesspool of finance at anytime. Last week for the financials was very much like all the others -- a brutal beating. I managed to stay away from the majority of the pain in the banks, but stupidly tried to bottom-fish in Citi. I am using the low of $13.29 hit during the 1998 Asian crisis as the line in the sand.

If you don't own shares of Citi, I would stay away. However, if you own Citigroup already, I would hang on with the full understanding that more pain lies ahead. --- HOLD