Wall Street's rally continues after Ben Bernanke said on "60 Minutes" that the recession would probably end in 2009 if the government is able to help the banks. Financial stocks dominate the top 10 most searched stocks on thestreet.com. First up is Citigroup ( C). Shares were rocketing over 40% after it named four new independent members to its board of directors.
Bank of America ( BAC) is next with the stock rallying with its peers. The Financial Accounting Standards Board could adjust its mark-to-market rules which CEO Ken Lewis was pushing for last week. General Electric ( GE) is up. Stock popped out of the under $10 range after a UBS analyst removed its short term sell rating. Numbers were cut to $9.50 and estimates were lowered due to late-cycle weakness. AIG ( AIG) is on the chopping block after paying hundreds of millions in bonus payments. An irate President Obama is trying to block AIG from awarding the bonuses. New York Attorney General Andrew Cuomo is investigating the bonuses for fraud. Switching gears, lets go to Joy Global ( JOYG). Cramer said on Mad Money Friday that the stock is dirt cheap and investors should buy. Freeport McMoRan Copper & Gold ( FCX) is next. Stock on the rise after Cramer gave it a thumbs up on Mad Money. Cramer owns shares for his Action Alerts Plus Portfolio. To see how he's trading it email email@example.com for a free trial now. And big three oil companies make the list Exxon ( XOM), BP ( BP) and ConocoPhillips ( COP). OPEC announced it would not cut production which caused oil stocks to pull back earlier in the day. Stocks managed to rally slightly towards market close.