Cramer's Take on Headline Stocks

Toll Brothers(TOL Quote) 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 Quote) and EMC(EMC Quote) are in a bidding war for Data Domain(DDUP Quote). 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 Quote) to buy from neutral based on its competitive advantage in the smartphone market over Research In Motion(RIMM Quote) and Microsoft(MSFT Quote).

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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