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Cramer's Take on Headline Stocks

Rebecca Corvino

Oil was in the red on Monday, sending stocks and the three major indices lower as well. Bank of America(BAC) was recently losing 65 cents, or 5.1%, to $11.99; Apple(AAPL) was down $1.98, or 1.4%, at $138.04; and General Electric(GE) was slipping 4 cents, or 0.3%, to $11.42.

General Motors(GMGMQ) could be on its way out of bankruptcy after a federal ruling that will allow the automaker to sell assets, including the Chevrolet and Cadillac brands, to a new company, in part owned by the U.S. government.

In upgrade-downgrade news, Keybank upgraded Oshkosh(OSK) to buy with $30 price target, Deutsche Bank upgraded Symantec(SYMC) to buy and raised its price target on the stock to $19, Goldman upgraded Nordstrom(JWN) to neutral, and Stifel Nicolaus upgraded American Express(AXP) to hold.

On Monday afternoon, Oshkosh was gaining $1.48, or 7.4%, to $21.41; Symantec was down 15 cents, or 1%, at $15.55; Nordstrom was up 46 cents, or 2.5%, at $19.09; and American Express was gaining $1.16, or 5.2%, at $23.43.

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

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