Updated from 6:59 a.m. EDT
held steady at 2%, and oil prices fell almost $3 per barrel on Tuesday. And the market rallied hard.
The market was up nicely ahead of the Fed on the drop in oil, but the Fed's announcement included a better-than-expected assessment of the economy, fueling an additional, post-Fed rally.
Meanwhile, Cincinnati-based consumer products company
Procter & Gamble
reported a fourth-quarter profit that increased 33%. But not all companies are fairing so well. Fort Worth, Texas-based company
, the nation's largest homebuilder, posted a loss of $339.3 million, or $1.26 per share, in the quarter ended on June 30. While better than last year, it still was an ugly quarter.
So where does this market go now?
We thought we'd take a look at the top-searched stocks on
, which include
, and see what Jim Cramer's had to say about them recently.
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 Freeport-McMoRan and Procter & Gamble for his Action Alerts PLUS charitable trust.)
Stockpickr is a wholly owned subsidiary of TheStreet.com.