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Cramer's Take on Headline Stocks

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

On Monday, General Motors (GM) - Get General Motors Company (GM) Reportfiled for bankruptcy protection under Section 363, with plans to cut its debt by more than half by Sept. 1. The bankruptcy is the largest industrial bankruptcy in the history of the U.S.

On June 8, GM and

Citigroup

(C) - Get Citigroup Inc. Report

will be

replaced on the Dow

by

Cisco

(CSCO) - Get Cisco Systems, Inc. Report

and

Travelers

(TRV) - Get Travelers Companies, Inc. Report

. GM had been a Dow component for almost 84 consecutive years.

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General Electric

(GE) - Get General Electric Company (GE) Report

is the only current component whose Dow run, which began in 1907, has been longer.

Also on Monday, Citigroup and

Morgan Stanley

(MS) - Get Morgan Stanley (MS) Report

launched their Morgan Stanley Smith Barney joint venture

a month earlier than expected.

With this in mind, we thought we'd take a look at what Jim Cramer's had to say about some of the stocks in the news lately.

To read more,

visit Stockpickr.com

.

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