Cramer's Take on Headline Stocks

The three major indices were all in the green at midday on Thursday after the Department of Labor announced that last week's

initial jobless claims fell to 601,000 from the previous week's 625,000, compared with expectations for 615,000 claims. Continuing claims increased by 59,000 to about 6.8 million.

Dell(CEO Quote) CEO Michael Dell has said he expects a "significant-sized" acquisition for the company, according to the Wall Street Journal.

Bank of America(BAC Quote), whose CEO, Ken Lewis, is testifying before Congress today regarding its Merrill Lynch acquisition, was upgraded to outperform at Keefe Bruyette & Woods with a $16.50 price target.

Fifth Third Bancorp(FITB Quote) was also upgraded, to buy from neutral at Goldman, with a price target of $8, up from $6.50. UnitedHealth(UNH Quote), on the other hand, was downgraded to underperform at Oppenheimer, which decreased its price target to $24 from $32.

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

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