Not a Stockpickr member? Join the community today -- for free.
NEW YORK (
) -- 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 (read an excerpt from his
) 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
blog posts, "Mad Money" TV show recaps and "Stop Trading!" segments to find out
: In a video today, Alan Farley says it's still
too early to buy Ford
In a June 14 blog post,
"All sorts of groups appear buyable, including aerospace with
leading; auto, with
and health care, with
(the HMOs all show up strongly, at last) finally joining
with nice trends."
Who Owns Ford?
: China's decision to allow the
could give a boost to solar stocks such as First Solar and
segment earlier this month, Cramer told viewers to sell First Solar. "You cannot make solar profitable here," he said. "This is the first subsidy that governments will be cutting. Don't get beheaded. "
: Apple's iPad should see some competition soon from
, which has produced prototypes of a tablet it hopes will be ready by the fall, according to
show, Cramer said that earnings reports this week from
Research in Motion
will provide insight into
stock Apple's effect on the companies. Cramer told viewers to pick up more Apple on any weakness.
: According to BP,
is $1.6 billion so far. BP reportedly plans to
to cover spill-related liabilities.
On his June 18 "Stop Trading" segment, Cramer called BP a
and said he prefers refineries such as
and his favorite,
On June 15, in a blog post titled "
," Cramer wrote:
"The math on this BP deal is starting to make sense. If you are blowing $500,000 a day on a rig, you better be spewing something like 50,000 to 60,000 barrels a day, or else it isn't worth it.
"I was always skeptical of the initial reports of the spew because if there really was just a couple of thousand barrels a day leaking out of a big hole in the ground that they spent a fortune drilling, then what kind of risk-reward was that? If it was only spewing 1,500 barrels -- heck, how about 3,000 or 5,000? -- you got a losing proposition on your hands.
"Now, we are getting closer to the truth. This well, perhaps one of the greatest finds in history, was a terrific bargain for the company, despite the expense of the Transocean rig. It was such a bargain that you have to wonder why in heck would BP stint on anything? It should have gone full-out deluxe. It obviously didn't.
"The other day, when BP broke down viciously to precisely the levels it is now trading after hours, it took the whole market with it. I have to ask, why couldn't it do it again? It wasn't like we went up on fundamental news. We went up more than 2% on "caught short/expiration" blather that can easily reverse on "caught long/expiration" blather that delivers a decline of 2%.
"That's really the issue here: the phoniness of the rally. Because, if it collides with real bad info -- say about BP, in which
Bank of America
comes out and says business should be curtailed with the company, the first broker to really break ranks with the "don't worry about it long term" crowd -- it could undo the rally, especially now that we are at plus-6 on the oscillator, a level that always makes me countenance much more selling than buying.
"In short, as we continue to find out more about BP and it continues to be bad, we can't rule out a repeat of last week's brutal BP-inspired decline, especially when today's rally felt very much like short-covering and options-expiration handiwork."
For more of what Cramer's had to say lately about stocks in the news, check out the
Follow Stockpickr on
and become a fan on
(Editor's note: At the time of this publication, Cramer owned Apple, Bank of America, Boeing, Marathon Oil and Medco Health for his Action Alerts PLUS charitable trust.)
Stockpickr is a wholly owned subsidiary of TheStreet.com.