By Rebecca Corvino
Updated at 4:58 p.m. EDT on July 13, 2009

Making Monday's headlines was CIT Group (CIT, which) is still in talks with regulators regarding it's liquidity position. The company has applied for the Federal Deposit Insurance Corp.'s Temporary Liquidity Guarantee Program and is also exploring other options.

CIT closed down 18 cents, or 11.8%, at $1.35 on Monday.

In earnings news, Fastenal (FAST) reported second-quarter profit of $43.5 million, or 29 cents a share, down 43% from the year-ago quarter and missing analyst expectations for 33 cents a share. Sales also fell, by 21% to $474.9 million.

Fastenal lost 20 cents to close at $31.53 on Monday.

Philips Electronics (PHG) also reported a drop in second-quarter earnings , which fell 94% to $61.4 million.

Philips closed up $1.30, or 7.1%, at $19.51 on Monday.

In analyst ratings news, Oppenheimer upgraded Best Buy (BBY) to outperform and raised the price target to $42; Meredith Whitney upgraded Goldman Sachs (GS) to buy with a $186 price target; and Thomas Weisel upgraded SanDisk (SNDK) to overweight and increased its price target on the stock to $20 from $15.

Best Buy added $1.35, or 4.1%, to close at $34.12 on Monday; Goldman gained $7.57, or 5.3%, to $149.44; and SanDisk closed up 78 cents, or 5.4%, at $15.25.

With this in mind, we thought we'd see what Jim Cramer's had to say about some of the stocks in the news today. Regardless of why these companies are making the headlines, it never hurts to hear what Cramer (or any professional investors) has to say about them. The key is to gather as much information as you can in order to make the most informed investment decisions you can.

In a Friday post to his RealMoney blog, Cramer wrote:

"SanDisk (SNDK). Apple (AAPL). Novellus (NVLS). Dell (DELL). Seagate (STX). Hewlett-Packard (HPQ). These were all pushed and pushed hard today by Wall Street, and I think that you cannot ignore these. (I see Doug Kass is buying the PowerShares QQQ Trust (QQQQ), so he must have the same feel.)

"The Goldman report is very significant and dovetails nicely with what I wrote this morning about the worst being 'in' the market, as it is saying that the enterprise spend, which has been really low, is about to get better and that this kind of news is not in the market.

"Not only that, the Goldman report is talking about challenging the 2008 peak, a totally bullish call, maybe even over the top, as is the choice of Dell as its key player, because that's arguably the 'worst' of techs.

"The Morgan Stanley SanDisk report, which predicts an upside surprise for the company, is also very important because SanDisk is more consumer than enterprise. You cannot have these calls without some impact.

"I am in agreement with Doug Kass on the QQQQs."

For more of what Cramer's had to say about stocks in the news, incluing Wal-Mart (WMT) and AIG (AIG), check out the Cramer's Take portfolio.

(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Goldman Sachs and Hewlett-Packard for his Action Alerts PLUS charitable trust.)