Stocks in New York posted big losses Tuesday as more dour economic data and corporate news dragged down the market. Shares of
fell especially hard as the company readies its plans to pay back the government the billions it borrowed, sending the company as well as fellow automaker
, onto TheStreet.com's Top Ten Most Searched Stocks List.
General Motors and
are scheduled to submit turnaround plans to the government Tuesday showing how they can repay billions of dollars in loans and return to profitability. GM has already received $9.4 billion from the government, and would receive another $4 billion if the Treasury Department signs off on its viability plan. Chrysler has borrowed $4 billion. It is seeking another $3 billion.
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Bank of America
are back on the list as investors wonder how they will survive a "stress test" under Treasury Secretary Tim Geithner's new "Financial Stability Plan".
was heavily searched after the company reported a fourth quarter drop in profit of 7.6% as it suffered from a strong dollar. The company still managed to beat analyst expectations, however, after discounting a settlement charge.
made the list with a bullet. In a last-minute deal, Liberty Media swooped in to save Sirius XM with a $530 million loan infusion, giving it a 40% stake in the satellite-radio shop. Sirius agreed to pay a 15% interest rate on the Liberty Media loans as it sought to fend off a takeover bid from Dish Network operator Charles Ergen.
surged onto the list after Stephanie Link, Director of Research for Cramer's Action Alerts PLUS Portfolio, said she's buying shares of the company even as the market slides.
And while gold was up, closing in on $1000 a ounce, gold-miner
was down, even though Cramer said it was his favorite mineral play for a China rebound on Mad Money.
Finally a downgrade on Wall Street for
sent shares of all tech companies spiraling downward, even shares of
. Both tech bellwethers got rung, but they made the list.
With 20% of the
now priced in single digits, you need someone like Frank Curzio of
TheStreet.com Stocks Under $10
to vet companies and sort winners from losers. Case in point, Frank's recent
call was up
101% in less than three months
and his recommended
82% in under two months
. Want to see more of what Frank can do?
"Biotech is one of the few sectors where you can literally double your money overnight," says
TheStreet.com Biotech Select
portfolio manager, Adam Feuerstein, who's been taking the pulse on pharma for years. To get calls like the one Adam made on
shot up more than 40% in just over a week
after Adam's recommendation,
Before joining TheStreet.com, Gregg Greenberg was a writer and segment producer for CNBC's Closing Bell. He previously worked at FleetBoston and Lehman Brothers in their Private Client Services divisions, covering high net-worth individuals and midsize hedge funds. Greenberg attended New York University's School of Business and Economic Reporting. He also has an M.B.A. from Cornell University's Johnson School of Business, and a B.A. in history from Amherst College.