Cramer's Take on Top-Searched Stocks
10/15/08 - 06:59 AM EDT
Everything's coming up roses. Or we thought it was after Monday's rally and Tuesday's open. Monday's 936 point jump in the Dow was followed by Tuesday's big open and subsequent selloff. Investors are encouraged by the government's plans to inject $250 billion of the $700 billion bailout into the capital coffers of the nation's largest banks.
Many pundits are talking recession and depressed earnings. Pepsi(PEP Quote - Cramer on PEP - Stock Picks) backed that claim by reported a 9.5% drop in third-quarter profit and offered a downbeat profit outlook on Tuesday. While the banks, such as Citigroup(C Quote - Cramer on C - Stock Picks), Bank of America (BAC), National City(NCC Quote - Cramer on NCC - Stock Picks) and Wells Fargo(WFC Quote - Cramer on WFC - Stock Picks) rallied, other mainstays, such as Microsoft(MSFT Quote - Cramer on MSFT - Stock Picks), Cisco(CSCO Quote - Cramer on CSCO - Stock Picks) and Apple(AAPL Quote - Cramer on AAPL - Stock Picks), pulled back with the market. With this in mind, we we'd take a look at some of the stocks people were searching for on Tuesday on TheStreet.com and see what Jim Cramer's had to say about them lately. To find out, visit Stockpickr.com. (Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Cisco and Pepsi for his Action Alerts PLUS charitable trust.)


