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Cramer's Take on Headline Stocks

Stock quotes in this article: BAC , FRE , KO , GS , COH , FCX , ETN  

Updated from 10:08 a.m. EDT

In Wednesday's headlines was news that Freddie Mac's(FRE Quote) acting CFO, David Kellermann, was found dead in his home this morning in an apparent suicide.

In stock news, Morgan Stanley(MS Quote) reported a first-quarter loss of 57 cents per share, compared with a profit of $1.26 per share last year, missing expectations of an 8-cent-per-share loss. The firm also cut its dividend.

In Wednesday afternoon trading, Morgan Stanley was down $1.52, or 5.2%, at $23.13. ...

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