Cramer's Take on Headline Stocks

(Updated with stock moves and additional comments from Jim Cramer.)

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 newsworthy stocks CIT ( CIT), Hasbro ( HAS), Macy's ( M) and more.

Johnson Controls ( JCI): Johnson Controls' third-quarter earnings were better than expected but still 63% lower than in the year-ago quarter. Earnings fell to $163 million, or 26 cents per share, from $439 million, compared with analyst expectations for 19 cents per share.

In the following video filmed today for TheStreet.com TV, Cramer talked about what he thinks is in store for the auto parts maker.

Cramer: Johnson Controls Taking Share

For more of Cramer's take on today's headline stocks, visit Stockpickr.com.

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