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 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
Bank of America
: Bank of America wants to
it received as part of the TARP program. Specifically, it seeks to return the $20 billion it received in connection with its
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
, both of which he owns for his
In an Aug. 28
, 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,
, Bank of America, they all paid off.
17% in July, and retail sales were up 21%, in part because of Cash for Clunkers.
Aug. 25 "Lightning Round,"
Cramer said that he thought a viewer's speculation on
was "right," and he also liked Ford.
on Aug. 27, Cramer said that he liked
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.
: Leerink Swann downgraded Aetna to market perform from outperform on anticipation of near-term growth problems.
In an Aug. 27
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
, Aetna and
can be bought off this Senate shift."
For more of what Cramer's had to say about stocks in the news, including
, check out the
-- Written by Rebecca Corvino in New York.
(Editor's note: At the time of publication, Cramer owned Bank of America and Wells Fargo for his Action Alerts PLUS charitable trust.)