Cramer's Take on Headline Stocks: Sept. 1

Here's what Jim Cramer's had to say lately about stocks in the news, including Bank of America and Ford.
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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

.

Bank of America

(BAC) - Get Report

: Bank of America wants to

repay some of the bailout funds

it received as part of the TARP program. Specifically, it seeks to return the $20 billion it received in connection with its

Merrill Lynch

acquisition.

On his Aug. 25

"Mad Money" show

, Cramer said that he remained bullish on banks, particularly those heavy into homeownerships, such as Bank of America and

Wells Fargo

(WFC) - Get Report

, both of which he owns for his

Action Alerts PLUS

charitable trust.

In an Aug. 28

post to his RealMoney blog

, Cramer wrote that usually in a speculative market, "people get burned burned quickly," but in this market the speculators are "cleaning up" and "making gains of a lifetime." He continued:

"Look, for anyone who took a flier on virtually anything that looked bankrupt,

Huntington Bancshares

(HBAN) - Get Report

,

Fifth Third

(FITB) - Get Report

,

KeyCorp

(KEY) - Get Report

,

Regions Financial

(RF) - Get Report

,

Textron

(TXT) - Get Report

,

Genworth

(GENW)

,

Ford

(F),

Hartford

(HIG) - Get Report

,

Principal Financial

(PFG) - Get Report

, Bank of America, they all paid off.

Big

."

Ford

(F) - Get Report

:

Ford's sales rose

17% in July, and retail sales were up 21%, in part because of Cash for Clunkers.

On his

Aug. 25 "Lightning Round,"

Cramer said that he thought a viewer's speculation on

Dana Holding

(DAN) - Get Report

was "right," and he also liked Ford.

On

"Mad Money"

on Aug. 27, Cramer said that he liked

Borg Warner

(BWA) - Get Report

as a company, but he recommended selling the stock. He also liked Ford's preferred shares, but overall he thought the auto sector needed a breather.

Aetna

(AET)

: Leerink Swann downgraded Aetna to market perform from outperform on anticipation of near-term growth problems.

In an Aug. 27

blog post

called "Kennedy's Death Changes the Game," Cramer wrote:

"The rosy hue in the HMOs is right. The Democrats simply lack the number of people they need in the Senate to get health care done. While it doesn't feel "good" to draw investment analysis per se from the death of a great senator and statesman, we have to acknowledge that his death does change the debate. (Teddy Kennedy was my first big "get" as a reporter, and he was incredibly nice and helpful. I always credit him as just being one of the good guys. He got things done, and he represented the best of his political leanings, and I totally agree with the excellent New York Times editorial today about him.)

"The Dems only have 59 votes in the Senate -- and the Senate is all that matters -- and there will be no new senator emerging from Massachusetts because of the commonwealth's law that the governor can't appoint a new one. A special election is needed, and that can't take place until early 2010. Sen. Feingold of Wisconsin said yesterday not to expect a health care bill before Christmas at all. Who can blame him for saying this -- he's up for re-election in 2010.

"Consider the red-state moderate Democrats who are up for election -- including Lincoln from Arkansas, Bennet from Colorado and Dorgan from North Dakota -- and there are no more givens. Obviously Specter -- liberal Pennsylvania Republican who will be challenged by conservative Toomey -- and even Harry Reid from Nevada (down points vs. either challenger) can't be counted on.

"I continue to believe that

Wellpoint

(WLP)

,

UnitedHealth

(UNH) - Get Report

Cigna

(CI) - Get Report

, Aetna and

Humana

(HUM) - Get Report

can be bought off this Senate shift."

For more of what Cramer's had to say about stocks in the news, including

Freeport-McMoRan

(FCX) - Get Report

and

Radian

(RDN) - Get Report

, check out the

Cramer's Take portfolio

on Stockpickr.

-- Written by Rebecca Corvino in New York.

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