Updated from 7:01 a.m. EST

The labor market is rapidly deteriorating, as evidenced by the number of jobless claims. Recent massive layoffs have occurred at companies such as

Morgan Stanley

(MS) - Get Report

,

General Motors

(GM) - Get Report

,

Ford

(F) - Get Report

, and

Fidelity Investments

. Most industry pundits agree that a jobless claims number above 400,000 is considered a sign of recession.

So, of course, the market rallied 500 points.

On the earnings front,

Wal-Mart

(WMT) - Get Report

posted an increase in third-quarter profits, but it reduced its fiscal year profit outlook, citing the economy. Overall, though, the report was better than expected.

We thought we'd take a look at some of the stocks people have been searching for lately on

TheStreet.com

, including

Chevron

(CVX) - Get Report

and

Hercules

(HERO)

, and see what

Jim Cramer's had to say about them

.

To read more,

visit Stockpickr.com

.

(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Chevron, Wal-Mart and Morgan Stanley for his Action Alerts PLUS charitable trust.)

Stockpickr is a wholly owned subsidiary of TheStreet.com.