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(Updated with stock prices, Bank of America news and video.)

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NEW YORK (

TheStreet

) -- Regardless of why a stock is in the news, it never hurts to hear what a professional investor has to say about it. The key is to gather as much information as you can in order to make the most informed investment decisions you can. As Jim Cramer often reminds, investors must do their homework.

So what has Cramer had to say lately about today's headline-makers? At Stockpickr, we've combed through his recent

RealMoney

blog posts, "Mad Money" TV show recaps and "Stop Trading!" segments to find out what he thinks about some of today's newsworthy stocks, including

CIT

(CIT) - Get CIT Group Inc. Report

and

Caterpillar

(CAT) - Get Caterpillar Inc. Report

.

TheStreet Recommends

Bank of America

(BAC) - Get Bank of America Corp Report

: U.S. District Judge Jed Rakoff is seeking more information about charges that

BofA misled investors

regarding executive bonuses before he approves the $33 million settlement BofA has agreed to pay the

SEC

.

In a video filmed today, Cramer had this to say about the BofA news:

Here Comes the BofA Judge

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To read more,

visit Stockpickr.com

.

-- Written by Rebecca Corvino in New York.

(Editor's note: At the time of publication, Cramer owned Cisco, Bank of America and General Electric for his Action Alerts PLUS charitable trust.)