Updated from 7 a.m. EDT
There is very little action in the market right now. It drifted up on light volume and declining oil prices. But there were a few interesting pieces of earnings news.
Despite a high-stakes restructuring,
reported a 62% drop in second-quarter profit. The company, which operates Kmart and Sears stores, is in the midst of a restructuring aimed at reconnecting with shoppers and reinvigorating same-store sales, which have fallen for the past 10 quarters.
In other stock-related news,
reported on Thursday that its second-quarter profit doubled, beating Wall Street expectations. It earned $80.8 million, or 63 cents per share, in the three-month period that ended July 31. That compares with $40.5 million, or 29 cents per share, in the year-ago period.
There are still opportunities in this market, especially setting up plays for next week, when volume will certainly spike.
With this in mind, we thought we'd take a look at Thursday's top-searched stocks, including
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 Cisco for his Action Alerts PLUS charitable trust.)
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