Updated from 6:59 a.m. EDT
You can search and search and search for reasons why the market bounced yesterday. There were plenty of headlines, but it really all came down to oil again. Oil was down $3.
Meanwhile, in the housing market, the
20-city index dropped by 15.8% in May compared with a year ago. This drop is a record decline since its inception in 2000. Home values have fallen 18.4 % since the 20-city index's peak in July 2006.
In brokerage news,
said on Monday it will sell a large portion of its asset-backed securities and issue new stock to raise $8.5 billion of new capital. In addition, Merrill's management plans to buy 750,000 shares.
In general, the financials were up huge on Tuesday, with
Merrill Lynch & Co.
Bank of America
leading the way.
With this in mind, we thought we'd take a look at the most-searched stocks on
and find out what Jim Cramer's take is on them . Recently, he's been talking about
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
Stockpickr is a wholly owned subsidiary of TheStreet.com.