Stocks reversed their two-day slump on Wednesday, with the three major indices all posting gains. General Motors (GM) - Get General Motors Company (GM) Report, Bank of America (BAC) - Get Bank of America Corp Report and General Electric (GE) - Get General Electric Company (GE) Report closed in the red, but Ford (F) - Get Ford Motor Company Report shot up 13.2%, and Bed Bath & Beyond (BBBY) - Get Bed Bath & Beyond Inc. Report closed up a hearty 24.3%.
closed down 10.5% at $9.64 after announcing that it will buy
. The deal will create the
, which Jim Cramer said "
should have happened a year ago
." Centex rose 18.9% on the news, closing up $1.44 at $9.06.
Life insurers soared on news that
will be eligible to receive TARP funds.
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.
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