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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



(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,


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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

, including


(CVX) - Get Chevron Corporation Report




, 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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