Cramer's Take on Top-Searched Stocks
10/06/08 - 11:05 AM EDT
Updated from 7:07 a.m. EDT
Credit markets remained strained while stocks remained volatile on Friday, trying to figure out which way this market would go with the approved bailout plan. The one obviously bullish sign on Friday was the fact that Wells Fargo(WFC Quote - Cramer on WFC - Stock Picks) would buy Wachovia(WB Quote - Cramer on WB - Stock Picks) in a $15.1 billion deal. One thing is clear: Warren Buffett is like a kid in a candy store, picking up Goldman(GS Quote - Cramer on GS - Stock Picks), General Electric(GE Quote - Cramer on GE - Stock Picks) and now Wachovia for what he thinks are deep value prices (and he is rarely wrong). Also making headlines was Friday's report from the Labor Department, indicating that the nation's unemployment rate held steady at 6.1% as hundreds of thousands of people streamed out of the work force for any number of reasons. Stocks responding well included Cisco(CSCO Quote - Cramer on CSCO - Stock Picks), Pfizer(PFE Quote - Cramer on PFE - Stock Picks) and Vale (RIO Quote - Cramer on RIO - Stock Picks), while big losers included Citigroup(C Quote - Cramer on C - Stock Picks), JPMorgan(JPM Quote - Cramer on JPM - Stock Picks) and Bank of America(BAC Quote - Cramer on BAC - Stock Picks). But where does this bailout take us? With this in mind, we thought we'd take a look at some of the stocks people have been searching for on TheStreet.com, including Macy's(M Quote - Cramer on M - Stock Picks) and Eastman Kodak(EK Quote - Cramer on EK - Stock Picks), and see what Jim Cramer's had to say about them recently. To find out what Cramer thinks, visit Stockpickr.com. (Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Cisco, General Electric, Goldman Sachs, and JPMorgan for his Action Alerts PLUS charitable trust.)


