Cramer's Take on Headline Stocks

Crude oil was rising again on Wednesday, lately up at about $70.58, and oil stocks were following its lead, including Chevron (CVX) - Get Report, up 1.2% to $71.01, BP (BP) - Get Report, up 29 cents to $52.25.

Soleil upgraded

Yahoo!

(YHOO)

from

hold to buy

with a $20 price target, citing the company's potential benefit from a rebound in online advertising.

Citigroup

(C) - Get Report

announced that it will convert about $58 billion in preferred stock into common stock in an effort to

improve its balance sheet

.

According to the

Wall Street Journal

, the Department of Justice might be considering blocking or revising the terms of a

Google

(GOOG) - Get Report

settlement that allows it to scan and post books online.

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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