Cramer's Take on Headline Stocks - TheStreet

(Updated with stock prices.)

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The

Dow

and

Nasdaq

reversed earlier slides to close up for the day, but the

S&P 500

was stilll down. Oil continued lower as well, slipping to below $61. Here are some of the stocks in the news today:

Late yesterday,

Google

(GOOG) - Get Report

revealed plans to develop its

Chrome OS operating system

, putting it in direct competition with

Microsoft

(MSFT) - Get Report

. Google closed up $5.86, or 1.5%, at $402.49 on Wednesday, while Microsoft added 3 cents to $22.56.

Also late on Tuesday,

Discover Financial Services

(DFS) - Get Report

, in an effort to raise money to

repay TARP assistance it received

, offered 54 million common shares at $9.25 each. After trading up earlier today, the stock closed down 25 cents, or 2.7%, at $9.12.

In

analyst ratings news

, Susquehanna upgraded

Amazon

(AMZN) - Get Report

to positive with a $100 price target, Credit Suisse upgraded

DryShips

(DRYS) - Get Report

to outperform, ThinkEquity upgraded

First Solar

(FSLR) - Get Report

to buy, and Morgan Keegan initiated coverage of

Qualcomm

(QCOM) - Get Report

with an outperform rating.

Amazon added $1.73, or 2.3%, to $77.36 on Wednesday; DryShips closed up 30 cents, or 6.1%, at $5.20; First Solar gained $4.84, or 3.3%, to $149.58; and Qualcomm slipped 13 cents, or 0.3%, to $43.55.

Making

TheStreet.com

headlines were a

technical take on smartphone stocks

, including

Apple

(AAPL) - Get Report

;

T. Boone Pickens'

decision to abandon his plan to build the world's biggest wind farm in favor of multiple smaller projects; and

GE's

(GE) - Get Report

debt rating

.

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

To read more,

visit Stockpickr.com

.