Cramer's Take on Headline Stocks

Stockpickr

Stockpickr Staff

06/03/09 - 11:44 AM EDT

Toll Brothers(TOL ) reported second-quarter earnings on Wednesday, announcing a loss of $93.7 million, or 59 cents a share. The homebuilder's revenue fell 51% to $398.3 million.

NetApp(NTAP ) and EMC(EMC ) are in a bidding war for Data Domain(DDUP ). After EMC made an offer of $1.8 billion, NetApp raised its $1.5 billion offer to $1.9 billion. EMC's offer is all-cash, while NetApp's is a combination of stock and cash.

Also making Wednesday's headlines, a Collins Stewart analyst upgraded Apple(AAPL ) to buy from neutral based on its competitive advantage in the smartphone market over Research In Motion(RIMM ) and Microsoft(MSFT ).

With this in mind, we thought we'd take a look at some of the stocks making the news lately and see what Jim Cramer's had to say about them.

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