Updated from 10:26 a.m. EDT
Once again, the market moved at the mercy of earnings Thursday, cautiously trading higher ahead of
. Despite sales of new homes in the U.S. plunging in March, the market also moved higher in part because jobless claims dropped, the dollar made a strong move and
solid first-quarter earnings
Many pundits would admit, however, that the market was waiting for one thing and that was Microsoft. However, there was plenty of movement in several other names yesterday. With this in mind, we thought it made sense to take a look at Thursday's Top 10 Most Searched Stocks on
and find out what
These stocks could be in the news for a number of reasons. Some require immediate attention while others may not. But 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.
Top Ten most Searched Stocks on TheStreet.com
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Despite Microsoft and Ford being all over the news Thursday, we'll kick it off today with
, Cramer said that environmental "green plays" have been solid plays because of high oil prices.
"We correctly anticipated that oil would be up huge, $125 is still our price target," he said. "It's high oil prices that have driven up everything related to clean energy. This is the trend behind the trend. I don't think it's going away."
Cramer has backed a number of these "green plays," and First Solar has been the biggest winner, up 350%-plus over the last year.
"I have been the strongest backer of this stock out there, and I remain so," he said. "It will be the standard of this country no matter which presidential candidate wins, as it already is the standard in Germany."
He is still a strong believer in First Solar as he believes its ability to produce panels in a cost effective manner (without using silicon) will allow it to continue to hit its numbers. "I think this is to solar what
was to chips," he added.
Other favorite "green plays" of Cramer's include
Next on our list is
El Paso Energy
, Cramer touted El Paso, a stock which he owns for his
charitable trust, as his new natural gas play.
El Paso owns and operates the largest natural gas pipeline in the U.S. and also operates in Brazil, Asia, Central America and South America.
Cramer feels the company's true value has been lost on the investment community due to the different operating segments of the business: exploration and production on one hand and pipeline on the other. There have been rumors of a breakup of these two segments, which could unlock serious value in the share price.
Cramer doesn't believe this is necessary but does feel it is a big reason the stock has grossly underperformed by nearly 10 times in its sector year to date. He pointed out that both business units are stronger than ever and investors need to take note now. The company certainly has, as witnessed by the heavy insider buying of late.
Cramer summarized, by saying: "El Paso is the cheapest natural gas play out there."
For the more opinions on Thursday's top searched stocks, including
, check out
(Editor's note: At the time of original publication of his posts and shows, Cramer owned El Paso and Foster Wheeler for his Action Alerts PLUS charitable trust. And General Electric owns CNBC, for which Cramer is a featured commentator.)
Stockpickr is a wholly owned subsidiary of TheStreet.com.