Updated from 7:02 a.m. EST
The markets rose sharply on Tuesday, pulling away from 12-year lows even after a new report showed that consumer confidence plunged to a record low in February. But this mini-rally hardly eases any pain on Wall Street. Amid investors' worries about the economy in general and the faltering banking system, the Dow has fallen 1,100 points since Feb. 9.
In stocks, two of the nation's major retailers are feeling the doubt that consumers are experiencing. Macy's (M) saw its profit drop almost 59% during the three months ended Jan. 31, posting earnings of $310 million, or 73 cents a share. A year prior, the company earned $750 million, or $1.73 a share.
Meanwhile, discount retailer Target (TGT) saw its profit plunge 41% in the fourth quarter. The retailer said it earned $609 million, or 81 cents a share, in the quarter ended Jan. 31 compared to $1.03 billion, or $1.23 a share, in the year-ago period.With this in mind, we thought we'd take a look at some of the stocks people have been searching for TheStreet.com (including Netflix (NFLX)) and see what Jim Cramer's had to say about them lately. To read more, visit Stockpickr.com. In Wednesday trading, shares of Netflix closed at $35.79 (down 0.75% for the day; up 19.74% year-to-date).
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