While Monday closed on an upswing, Wall Street finished Tuesday on a sour note. Some industry giants came out with disappointing news, demonstrating that no company is recession-proof.
reported it is cutting 8,000 jobs, or 4% of its global work force, to cut costs by $1.1 billion a year as the worldwide downturn batters profits. Sony's July-to-September profit dropped 72% from a year earlier.
shares struggled after industry pundits are blaming the lagging economy for the decrease in package deliveries.
also warned investors of a trend of deterioration in its business. As a result, Texas Instruments' fourth-quarter earnings and revenue forecast was much lower than previously expected.
Investors are still very concerned, and the market is clearly reflecting that.
With this in mind, we thought we'd take a look at some of the stocks people have been searching for on
and see what
To read more,
(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned General Electric, General Mills, Johnson & Johnson, Pepsi and Procter & Gamble for his Action Alerts PLUS charitable trust.)
Stockpickr is a wholly owned subsidiary of TheStreet.com.