Cramer's Take on Headline Stocks

Here's what Jim Cramer's had to say about stocks in the news,
Author:
Publish date:

Making Friday's headlines were reports that repayment of TARP funds might start on Wednesday for some banks, including JPMorgan (JPM) - Get Report, Morgan Stanley (MS) - Get Report and American Express (AXP) - Get Report.

A

Wall Street Journal

report on that the

Fed

would likely

not significantly increase its bond-purchase programs

this month was weighing on homebuilder stocks such as

KB Homes

(KBH) - Get Report

, down 2.5% to $14.09 at midday, and

Lennar

(LEN) - Get Report

, down 2.2% to $8.02.

An

analyst-ratings-change

news, Goldman Sachs downgraded

AK Steel

(AKS) - Get Report

to neutral from buy with a price target of $20 and upgraded

Caterpillar

(CAT) - Get Report

to sell from conviction sell. Barclays downgraded

Nokia

(NOK) - Get Report

to equal weight from overweight, and Oppenheimer upgraded

Clorox

(CLX) - Get Report

to outperform from underperform.

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

To read more,

visit Stockpickr.com

.

Stockpickr is a wholly owned subsidiary of TheStreet.com.