By Stockpickr Staff
Posted on June 8, 2009

Cisco (CSCO) and Travelers (TRV) replace General Motors (GM) and Citigroup (C)on the Dow Jones Industrial Average today. GM had been a component of the index for almost 84 years, the second-longest Dow run. General Electric (GE) has been on the Dow since 1907.

Expectations for Apple's (AAPL) Worldwide Developers Conference today in San Francisco include a Steve Jobs appearance and a new iPhone.

In analyst-ratings-changes news, Goldman Sachs upgradedBlackstone (BX)to buy from neutral, while Benchmark downgraded Google (GOOG) to hold from buy and Wachovia downgraded Hovnanian (HOV) to underperform.

With this in mind, we thought we'd take a look at what Jim Cramer's had to say about stocks making headlines on Monday.

These stocks could be in the news for a number of reasons. Some require immediate attention; while others may not. Regardless, it never hurts to hear what Cramer (or any of the other 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 recent post to his RealMoney blog, Cramer wrote:

"People aren't used to seeing Boeing (BA) rip because they aren't used to seeing what happens when Boeing has a new plane. Boeing is a product-cycle company -- one of the most product-cyclical companies in the world, kind of like Apple for all of its products, Intel (INTC) with its big microprocessor introductions or the old Microsoft (MSFT) when its new products mattered.

"When you see that new plane in the air, you are going to convince the sells -- all three of them -- to go to the hold category and several of the holds to go to buys. There are five buys of this stock, but what's incredible to me is that the sells are all major firms that would have immediate effect.

"All of these sell and hold analysts feel the pressure right now. They know that Boeing's gains are going to be multiyear and they are dreadfully afraid of missing this one.

"When I used to play Boeing, I would just own the darned thing because the cycle is so powerful. It would always have moves at the start of the run as explosive as this one and the world would say, "Darn it all, I will catch it when it gets hit." But this is a product-cycle play not an unemployment play, and it will not march to the tune of the macro numbers as it is a secular growth story.

"If you do not have Boeing, pick up an ancillary play. We are buying one for Action Alerts PLUS and feel strongly that we are in the first inning of the move."

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