Updated from 7:59 a.m. EDT
The market ended a very choppy week on a high note after some better-than-expected economic news. It seems as though we get new housing and consumer readings every day that send the market into a directional frenzy.
Of course, it does help that oil seemingly is falling as quickly as it rose.
Networking equipment maker
reported a huge spike in profits, which helped propel the
to a strong day.
also helped fuel the rally.
But as we head into this week, it seems that investors are again focused on inflation. As food and fuel prices start to fall, retailers such as
Johnson & Johnson
may start to pass along price increases on which they previously were hesitant, given the consumer crunch.
So do we play all of this?
To answer that question, we thought we'd take a look at Friday's most-searched stocks, including
, and see what Jim Cramer thinks.
A note from James Altucher:Every weekend I send an email to Jim Cramer and several hedge fund managers about the most interesting portfolios posted on Stockpickr that week. Usually those portfolios not only list stocks according to atheme but also offer significant analysis as to why the stocks are cheap.Here are some examples: Here's the challenge: Build a portfolio at Stockpickr.com with greatanalysis, and send me the link. Each great portfolio (with analysis)will get posted on TheStreet.com with your byline (as a "StockpickrGuest Columnist") and will be included in my email I send to Jim and the otherhedge fund managers on my list.
- Stocksrelated to drilling the Marcellus Shale
- MLPSwith yields above 7%
- Microcapstrading for less than tangible book
- Stocksthat do well after Hurricanes
(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Qualcomm and Wal-Mart for his Action Alerts PLUS charitable trust.)
Stockpickr is a wholly owned subsidiary of TheStreet.com.