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Cramer's Take on Headline Stocks

Rebecca Corvino

The major three indices were in the red at Tuesday's close, and oil was down as well, below $63. Here are some of the stocks in the news today:

In smartphone news, Telefonica(TEF Quote) will be the exclusive carrier for Palm's(PALM Quote) Pre smartphone in the U.K., Ireland, Germany and Spain.

Telefonica closed down $1.48, or 2.2%, at $65.74 on Tuesday, while Palm lost 41 cents, or 2.6%, to $15.32.

In other technology news, today marks the debut of Yahoo!'s(YHOO Quote) Search Pad feature, which the company has been testing for the past few months.

Yahoo! lost 47 cents, or 3.2%, to $14.44 on Tuesday.

In earnings news, International Speedway's(ISCA Quote) second-quarter revenue fell 12.9% to $152.4 million year over year, and net income fell to a loss of $31.7 million, or 65 cents a share, from the year-ago quarter's income of $26 million.

International Speedway gained 10 cents, or 0.4%, to close at $25.39 on Tuesday.

And in analyst ratings news, Goldman upgraded both Dick's Sporting Goods(DKS Quote) and Kohl's(KSS Quote) to buy from neutral, with a price target of $20 on DSG and of $50, up from $44, on Kohl's. Keefe Bruyette & Woods upgraded Keycorp(KEY Quote) to outperform from market perform with an $8 price target.

On Tuesday, Dick's Sporting Goods closed up 15 cents, or 0.9%, at $16.90; Kohl's slid 38 cents, or 0.9%, to close at $42.30; and Keycorp added 21 cents, or 4.1%, to $5.29.

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

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