Cramer's Take on Headline Stocks 4-7-09
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Date updated:04-07-2009

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.

symbol name last price % change open
  • +
  • VZ
    Verizon Commun
  • $31.63
  • -1.25%
  • $31.51

"Today, for instance, on the gold news, I would be looking for stocks like Verizon (VZ) and AT&T (T) -- that is, steady, not great growth, but enough to be able to raise the dividend, which means you can own them over time." ("Gold Collapse Means the World," 4-6-09)

People owning VZ also tend to own: AAAIGIBMINTCJNJJPMKO

TheStreet.com Rating: B- What is this?

  • +
  • T
    At&t Inc.
  • $26.99
  • -0.33%
  • $26.49

"Today, for instance, on the gold news, I would be looking for stocks like Verizon (VZ) and AT&T (T) -- that is, steady, not great growth, but enough to be able to raise the dividend, which means you can own them over time." ("Gold Collapse Means the World," 4-6-09)

People owning T also tend to own: ACEBACCCBCOPCVXDIS

TheStreet.com Rating: B- What is this?

  • +
  • GIS
    Gen Mills Inc
  • $68.10
  • -0.90%
  • $67.74

"You also want to buy the steadier growers like General Mills (GIS), Procter & Gamble (PG) and PepsiCo (PEP) on this kind of inflation selloff because it means that these steady dividend lifters with better growth than Verizon and AT&T will come back into fashion for a bit." ("Gold Collapse Means the World," 4-6-09) ... "They did miss the quarter, but commodity costs are coming down and they're going to have a great second half. I think Mills is safe." ("Mad Money Lightning Round," 4-6-09)

People owning GIS also tend to own: CARCOFCOPDOWFRNHDHPQ

TheStreet.com Rating: B+ What is this?

  • +
  • PEP
    Pepsico Inc
  • $62.30
  • -1.41%
  • $62.24

"You also want to buy the steadier growers like General Mills (GIS), Procter & Gamble (PG) and PepsiCo (PEP) on this kind of inflation selloff because it means that these steady dividend lifters with better growth than Verizon and AT&T will come back into fashion for a bit." ("Gold Collapse Means the World," 4-6-09)

People owning PEP also tend to own: ADMAVPBF-BBTICLCVSDEO

TheStreet.com Rating: B What is this?

  • +
  • PG
    Procter Gamble
  • $62.48
  • -0.62%
  • $61.89

"You also want to buy the steadier growers like General Mills (GIS), Procter & Gamble (PG) and PepsiCo (PEP) on this kind of inflation selloff because it means that these steady dividend lifters with better growth than Verizon and AT&T will come back into fashion for a bit." ("Gold Collapse Means the World," 4-6-09)

People owning PG also tend to own: CLCTDENNFFEXJBSSJRCCMEEMSFT

TheStreet.com Rating: B+ What is this?

  • +
  • SPIL
    Siliconware Preci
  • $6.73
  • -3.03%
  • $6.71

Breaking with tradition, Cramer recommended a speculative stock on a Monday rather than the typical Friday. He said the story at Siliconware Precision (SPIL) was so good it just couldn't wait. On the heels of his recommendations of Taiwan Semiconductor (TSM) and Xilinx (XLNX), Cramer said Siliconware is the new semiconductor stock that's poised to break out. ("Mad Money," 4-6-09)

People owning SPIL also tend to own: AIRTBTNEBFFRDHCBKHWKNIBA

TheStreet.com Rating: No Rating What is this?

  • +
  • GS
    Goldman Sachs Grp
  • $164.16
  • -2.82%
  • $164.27

Cramer said the big winners in the mark-to-market changes are Goldman Sachs (GS) and JPMorgan Chase (JPM), two stocks which he owns for his charitable trust, Action Alerts PLUS. He said Goldman doesn't even have mortgages on its books, while JP Morgan has always been realistic about the assets it's holding. ("Mad Money," 4-6-09)

People owning GS also tend to own: AOBCOGOCRYPGELGLWGRMNMDRX

TheStreet.com Rating: C What is this?

  • +
  • JPM
    Jp Morgan Chase C
  • $41.33
  • -1.97%
  • $40.98

Cramer said the big winners in the mark-to-market changes are Goldman Sachs (GS) and JPMorgan Chase (JPM), two stocks which he owns for his charitable trust, Action Alerts PLUS. He said Goldman doesn't even have mortgages on its books, while JP Morgan has always been realistic about the assets it's holding. ("Mad Money," 4-6-09)

People owning JPM also tend to own: AAAIGIBMINTCJNJKOMSFT

TheStreet.com Rating: B- What is this?

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