Cramer's Take on Top-Searched Stocks
Updated from 6:57 a.m. EDT
Tuesday was ugly, but it followed a strong move up on Monday. Investors starting cashing in some of their gains from Monday's rally, which resulted in a pullback. The
Dow Jones Industrial Average
ended the day down 231.77 points, or 2.5%, to 9033.66 after having bobbed into positive territory. The
S&P 500
fell 30.35 points, or 3.1%, to 955.05, and the
Nasdaq
dropped 73.35, or 4.1%, to 1696.68.
In stocks, chemical manufacturer
DuPont's
(DD) - Get Report
shares fell $2.89, or 8%, to $33.28.
Caterpillar
(CAT) - Get Report
meanwhile fell $2.07, or 5%, to $38.83 after reporting that third-quarter profit slipped 6%.
Pfizer
(PFE) - Get Report
rose 41 cents, or 2.4%, to $17.75 after narrowly beating projections for the third quarter.
Some industry pundits have stated that the road to Wall Street's recovery will continue with this back-and-forth motion of the market. Following Monday's announcement of a potential additional stimulus package, on Tuesday, the Fed announced it will start buying commercial paper. Some argue that this is a crucial short-term funding mechanism that many companies rely on for day-to-day operations.
With all this in mind, we thought we'd take a look at some of the stocks people have been searching for on
TheStreet.com
, including
Morgan Stanley
(MS) - Get Report
and
McDonald's
(MCD) - Get Report
, and see what Jim Cramer's had to say about them recently.
To find out,
.
(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Hewlett-Packard, Morgan Stanley and Qualcomm for his Action Alerts PLUS charitable trust.)
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