Stockpickr
Cramer's Take on Top-Searched Stocks
Stockpickr Staff
01/14/09 - 12:38 PM EST
Updated from 9:41 a.m. EST
Investors were timid yesterday after four days of losses and disappointing news from aluminum giant Alcoa(AA Quote). The company reported late on Monday that it lost $1.2 billion during the fourth quarter as demand for aluminum plunged, making aluminum yet another product to suffer in this unstable economy.
Meanwhile, in financial stocks, shares of Citigroup(C Quote), which lost more than $20 billion from October 2007 to October 2008, popped on Tuesday after the bank confirmed that it had agreed to merge its brokerage unit with Morgan Stanley's (MS Quote) wealth management business.
With this in mind, we thought we'd take a look at some of the stocks people have been searching for on TheStreet.com (including Caterpillar (CAT Quote)) and see what Jim Cramer's had to say about them.
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(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Hewlett-Packard, Morgan Stanley and Wells Fargo for his Action Alerts PLUS charitable trust.)
In midday trading, Caterpillar was recently trading at $39.44 per share (down 11.7% year-to-date).