Stocks closed lower on Monday after four consecutive up days.
Contributing to the turn was a
bearish call from a Calyon Securities analyst
, who initiated coverage on banks such as
Bank of America
at underperform and
News over the weekend that
withdrawing its offer to buy
also pulled on the market, sending IBM and Sun shares down 0.7% and 23.3%, respectively.
gold fell to a more-than-two-month low
on decreased demand and strength in the dollar.
With this in mind, we thought we'd take a closer look at some of the day's headlines and see what Jim Cramer's had to say about stocks related to the news.
To read more,
Stockpickr is a wholly owned subsidiary of TheStreet.com.