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Cramer's Take on Headline Stocks

Here's what Jim Cramer's had to say about stocks in the news recently.

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%.

Pulte

(PHM) - Get PulteGroup, Inc. Report

closed down 10.5% at $9.64 after announcing that it will buy

Centex

(CTX)

. The deal will create the

nation's largest homebuilder

, 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

TheStreet Recommends

those that qualify

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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