The Labor Department reported on Thursday that new applications for jobless benefits fell to a seasonally adjusted 554,000 last week, from an upwardly revised figure of 575,000 the previous week.
The New York-based Conference Board reported that its index of leading economic indicators fell for the second straight month. The 2.8% decrease in the six months through November is the worst drop since the 1991 recession.
In stocks, even companies that are doing well are preparing for the storm ahead. Memphis-based
reported a higher profit for its fiscal second quarter. Despite this, the company is taking measures to cut costs by $800 million for the fiscal year ending in 2010.
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 Hewlett-Packard and JPMorgan for his Action Alerts PLUS charitable trust.)
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