Updated from 9:14 a.m. EDT
The pushing and pulling continues.
While oil's decline drove the
Dow Jones Industrials
up more than 350 points, or 3.1%, in the past two sessions, downbeat news from the financial sector resulted in a mostly down Tuesday.
Meanwhile, the Commerce Department reported on Tuesday that the U.S. trade deficit unexpectedly fell in June as exports advanced to an all-time high, offsetting another big surge in oil imports. It was the smallest deficit in three months and generally viewed as better than the $61.5 billion deficit expected by Wall Street.
In banking, the third-largest U.S. bank,
, reported losses of about $1.5 billion since the start of July. In a regulatory filing late Monday, the company reported that it has been hurt by turmoil in the credit and mortgage markets and by wider credit spreads and lower levels of liquidity.
Are we back to the same old headlines, and if so, what does it mean?
With this in mind, we thought we'd take a look at Monday's most-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
Stockpickr is a wholly owned subsidiary of TheStreet.com.