Cramer's Take on Headline Stocks: Jan. 22

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NEW YORK (Stockpickr) -- 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 (read an excerpt from his new book here) 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.

Schlumberger(SLB): Schlumberger's earnings fell 31% in the fourth quarter on declining oil prices to 65 cents a share, compared with 95 cents a share last year.

In a Jan. 20 blog post, Cramer wrote:

"I am tempted to look at some of the oil plays, but the pattern has been oil going from $80 to $70, and who is to say that pattern won't be repeated again? Do you want to buy Schlumberger ahead of the quarter, not knowing what they have to say? Do you want to buy any one of the oil service stocks now if SLB says that spending's not increasing?"

Advanced Micro Devices(AMD): AMD earned $1.52 a share, compared with a loss of $2.34 a share a year ago.

In last night's "Mad Money Lightning Round" segment, Cramer told viewers to sell AMD and buy Intel(INTC) instead.

Google(GOOG): Google reported adjusted fourth-quarter earnings of $6.79 a share after the bell on Thursday, compared with $5.10 a share a year ago and analyst expectations for $6.50 a share.