Cramer's Take on Headline Stocks

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NEW YORK (TheStreet) -- Regardless of why a stock is in the news, it never hurts to hear what a professional investor has to say about it. The key is to gather as much information as you can in order to make the most informed investment decisions you can. As Jim Cramer often reminds, investors must do their homework.

So what has Cramer had to say lately about today's headline-makers? At Stockpickr, we've combed through his recent RealMoney blog posts, "Mad Money" TV show recaps and "Stop Trading!" segments to find out what he thinks about some of today's newsworthy stocks.

Hudson City Bancorp(HCBK Quote): FBR raised its price target on Hudson City Bancorp to $16 from $15 after Hudson City management spoke confidently of the bank's growth potential. FBR has an outperform rating on the stock.

On his Aug. 24 "Lightning Round" segment, Cramer said Hudson City was "playing it safe" and wasn't being "aggressive enough." "It'll come back," he said, "but not as fast as some of the other banks that I like."

On Monday, Hudson City closed added 25 cents, or 1.9%, to close at $13.12.

Radian Group(RDN Quote): Barclays cut its estimate for Radian's 2009 earnings per share to -$5.20, from -$6.90, following the company's second-quarter results. It maintained its underweight rating and $4 price target on the stock.

On an Aug. 7 "Lightning Round" segment, Cramer said that Radian was a "pure short squeeze" and told viewers they "don't want to be there."

In an Aug. 28 post to his RealMoney blog, Cramer wrote that "what has shocked me has been the dearth of bankruptcies." He said that "amazingly" companies such as Radian, PMI Group(PMI Quote) and MBIA(MBI Quote) are "alive and kicking." "How could these guys not have gone belly-up?" he asked.