Cramer's Take on Top-Searched Stocks
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 Morgan Stanley Report
,
General Motors
(GM) - Get General Motors Company Report
,
Ford
(F) - Get Ford Motor Company 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
TheStreet Recommends
(WMT) - Get Walmart Inc. 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 Chevron Corporation Report
and
Hercules
(HERO)
, and see what
Jim Cramer's had to say about them
.
To read more,
.
(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.)
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