Stocks closed lower on Monday after four consecutive up days.

Contributing to the turn was a bearish call from a Calyon Securities analyst, who initiated coverage on banks such as Bank of America ( BAC), JPMorgan ( JPM) and Wells Fargo ( WFC) at underperform and Fifth Third ( FITB), U.S. Bancorp ( USB) and SunTrust ( STI) at sell.

News over the weekend that IBM ( IBM) was withdrawing its offer to buy Sun Microsystems ( JAVA) also pulled on the market, sending IBM and Sun shares down 0.7% and 23.3%, respectively.

And gold fell to a more-than-two-month low on decreased demand and strength in the dollar.

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

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