Cramer's Take on Top-Searched Stocks

Updated from 7:07 a.m. EST

The Labor Department reported yesterday that initial applications for jobless benefits for the week ended Dec. 6 rose to a seasonally adjusted 573,000. Last year at this time, initial claims were 337,000.

This headline comes on the heels of news of layoffs from companies such as Dow Chemical(DOW Quote), 3M(MMM Quote), Anheuser-Busch InBev(BUD Quote), National Public Radio and the National Football League.

Also making headlines is drug-producing giant Eli Lilly(LLY Quote). The Indianapolis-based company expects earnings of $4 to $4.25 per share in 2009, below analysts' average estimate of $4.26 per share. The company said lower than expected earnings can be chalked up to its $6.5 billion dollar acquisition of ImClone.

Meanwhile, Cincinnati-based Proctor & Gamble(PG Quote) reported that it is on track to meet its forecasted earnings for this quarter and the fiscal year. The world's largest consumer products maker will likely hits its marks despite reporting that consumers have turned toward private labels in an effort to lower expenses.

With this in mind, we thought we'd take a look at some of the stocks people have been searching for on TheStreet.com and see what Jim Cramer's had to say about them recently.

To read more, visit Stockpickr.com.

Here's how Lilly and P&G closed the trading week:

LLY: $36.41/share (up 4.21%)

PG: $58.94/share (down 5.89%)

(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned McDonald's and Procter & Gamble for his Action Alerts PLUS charitable trust.)