Cramer on Top-Searched Stocks: Yamana

Yamana Gold is among the most-searched stocks on <I>TheStreet.com</I>. Here's what Cramer had to say about them recently.
By Stockpickr Staff ,

Updated from 9:45 a.m. EDT

An unexpected drop in unemployment claims resulted in Thursday's moderately high open. Despite this upswing, all eyes remain fixed on the continuous rise in the price of oil. Oil futures broke through $135 per barrel overnight for the first time, extending a run-up that has hurt stocks. However, the market remained steady as oil fell throughout the day.

Suffering from its exposure to the U.S. mortgage market,

UBS AG

(UBS) - Get Report

recently declared it would raise $15.5 billion in a rights issue at a 31% discount to the current share price. Existing shareholders can buy new shares at 21 francs ($20.09), compared with the closing price of 30.64 francs on the Zurich exchange Wednesday.

Meanwhile, in the power industry, wholesaler

NRG Energy

(NRG) - Get Report

offered to buy rival

Calpine

(CPN)

for about $11.3 billion in stock to expand its current network, which has an ownership interest in 47 power-generating facilities around the world. The takeover attempt comes less than four months after Calpine emerged from a two-year stint operating under Chapter 11 bankruptcy protection.

So what does this all mean? We thought we'd take a look at yesterday's 10 most-searched stocks on

TheStreet.com

and find out what

Jim Cramer's take has recently been on them.

These stocks could be in the news for a number of reasons. Some require immediate attention; others may not. Regardless, it never hurts to hear what Cramer (or any of the other professional investors on the site) has to say about them. The key is to gather as much information as you can in order to make the most-informed investment decisions you can.

Some stocks, such as

Evergreen Solar

(ESLR)

and

Salesforce.com

(CRM) - Get Report

, skyrocketed on heavy volume Thursday, but we'll kick it off today with

Yamana Gold

(AUY) - Get Report

.

In

a recent post on his RealMoney.com blog

, Cramer opined that the dip in gold is done:

The selloff in gold has not only run its course -- if you bought the stocks on the way down, you are up, and up nicely. (As is the case with me in Action Alerts PLUS with Yamana, my favorite growth gold stock, which reported a fantastic quarter.) Now, it's interesting to recall why we got a rout in gold: the big rally in the dollar. BIG BIG BIG. Remember that? We weren't supposed to care about the power of inflation to torment paper assets. We were supposed to delink the trade deficit with the dollar. Most important, we were supposed to overlook the budget deficit, as if that had and has nothing to do with gold. Why the heck does everyone have to overthink everything, relating gold to the dollar, to oil, to LIBOR, to yen crosses and the carry trade? The dollar's about supply and demand, just like everything else -- thin oil -- and there is a huge amount of supply, and not that much demand; who would want to own a currency that the government keeps printing? I think gold's in a bull market. That there's more climbing ahead. That this was the pause that refreshes. I feel very alone. Except for the buyers of all the gold stocks who are taking shares with abandon.

For the rest of Cramer's takes on yesterday's most-searched stocks, including

Nordstrom

(JWN) - Get Report

and

Tesoro

(TSO)

, check out

Cramer's Take on Top 10 Most-Searched Stocks From May 22

on Stockpickr.com.

(Editor's note: At the time of original publication of his posts and shows, Cramer owned Yamana Gold for his Action Alerts PLUS charitable trust. Cramer is a featured commentator for

CNBC

, which is owned by General Electric; as part of his contract, Cramer holds restricted shares in GE.

Stockpickr is a wholly owned subsidiary of TheStreet.com.

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