Updated from 8:59 a.m. EDT
Well, the temporary spike in oil on Thursday was quickly reversed on Friday as prices dipped to $115. This sent the market flying despite lingering fears about what still may loom at
While this sharp drop in oil usually helps propel the market in general, it has a slingshot effect on airline stocks.
were both up huge on the drop in oil.
We also had some promising news from
. The world's largest hamburger chain posted solid same-store sales figures of nearly 8% year over year. As one of the 30
components, McDonald's, along with
, helped the index soar on Friday.
This market is very difficult to read right now.
With this in mind, we thought we'd take a look at Friday's top-searched stocks on
, and see what Jim Cramer's had to say about them recently.
(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned McDonald's, Cisco, Hewlett-Packard and Qualcomm for his Action Alerts PLUS charitable trust.)
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.