Cramer's Take on Headline Stocks: April 22
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Date updated:04-22-2009

In Wednesday's headlines was news that Freddie Mac's (FRE) acting CFO, David Kellermann, was
found dead in his home this morning in an apparent suicide.

In stock news, Morgan Stanley (MS) reported a first-quarter loss of 57 cents per share, compared with a profit of $1.26 per share last year, missing expectations of an 8-cent-per-share loss. The firm also cut its dividend.

Freeport-McMoRan's (FCX) also missed expectations with earnings of 11 cents per share on revenue of $2.6 billion compared with the expected 13 cents per share on revenue of $2.69 billion.

Companies reporting Tuesday included DuPont (DD), which reported a 59% drop in first-quarter profit, and United Technologies (UTX), whose first-quarter profit fell 28%.

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

symbol name last price % change open
  • +
  • DD
    Du Pont E I De Ne
  • $34.51
  • -0.26%
  • $34.42

"Instead, though, we see profits -- profits like those just reported by Du Pont (DD), which put up a number that simply wasn't that bad. That's the best way to describe it: not bad." ("'Not Bad' May Just Be Good Enough Here," 4-21-09)

People owning DD also tend to own: BMYBNSCLXCVXDEIBMJPM

TheStreet.com Rating: C+ What is this?

  • +
  • UTX
    United Tech
  • $67.97
  • -0.06%
  • $67.73

"Instead, though, we see profits -- profits like those just reported by Du Pont (DD), which put up a number that simply wasn't that bad. That's the best way to describe it: not bad. Same with United Tech (UTX). Not bad." ("'Not Bad' May Just Be Good Enough Here," 4-21-09)

People owning UTX also tend to own: PNRASHFLSIRIXMSRCLHCBKJCP

TheStreet.com Rating: No Rating What is this?

  • +
  • EMR
    Emerson Elec Co
  • $41.68
  • -0.43%
  • $41.74

"We also saw not bad numbers from Emerson (EMR), PPG (PPG) and Illinois Tool Works (ITW) last week -- not bad, meaning simply these big companies didn't swing to colossal losses as could have been expected. Let's include IBM (IBM) in that parade, too. Think about it: Should these companies be making any money at all in this environment?" ("'Not Bad' May Just Be Good Enough Here," 4-21-09)

People owning EMR also tend to own: COPFASTCHTRDODGXHWMIXIDWKLMNVX

TheStreet.com Rating: B What is this?

  • +
  • PPG
    P P G Ind
  • $59.25
  • -0.39%
  • $59.09

"We also saw not bad numbers from Emerson (EMR), PPG (PPG) and Illinois Tool Works (ITW) last week -- not bad, meaning simply these big companies didn't swing to colossal losses as could have been expected. Let's include IBM (IBM) in that parade, too. Think about it: Should these companies be making any money at all in this environment?" ("'Not Bad' May Just Be Good Enough Here," 4-21-09)

People owning PPG also tend to own: MSFTPEIXFWLTHPQQCOMVZWFC

TheStreet.com Rating: B- What is this?

  • +
  • ITW
    Ill Tool Works In
  • $49.51
  • -0.42%
  • $49.42

"We also saw not bad numbers from Emerson (EMR), PPG (PPG) and Illinois Tool Works (ITW) last week -- not bad, meaning simply these big companies didn't swing to colossal losses as could have been expected. Let's include IBM (IBM) in that parade, too. Think about it: Should these companies be making any money at all in this environment?" ("'Not Bad' May Just Be Good Enough Here," 4-21-09)

People owning ITW also tend to own: ANNAUYBACBHIERICFGE

TheStreet.com Rating: No Rating What is this?

  • +
  • IBM
    Intl Business Mac
  • $126.96
  • -0.45%
  • $127.17

"We also saw not bad numbers from Emerson (EMR), PPG (PPG) and Illinois Tool Works (ITW) last week -- not bad, meaning simply these big companies didn't swing to colossal losses as could have been expected. Let's include IBM (IBM) in that parade, too. Think about it: Should these companies be making any money at all in this environment?" ("'Not Bad' May Just Be Good Enough Here," 4-21-09)

People owning IBM also tend to own: AAPLAMDCSCODELLGOOGINTCMSFT

TheStreet.com Rating: B+ What is this?

  • +
  • HAL
    Halliburton Co
  • $29.88
  • -1.84%
  • $30.22

"But then take Halliburton (HAL). Drilling just stopped in this country to hear them talk, but how did they do? They made a lot of money." ("'Not Bad' May Just Be Good Enough Here," 4-21-09) ... When analysts collide, Cramer decides. That's the case with oil giant Halliburton (HAL), which was both upgraded by Goldman Sachs while at the same time downgraded by an analyst at JPMorgan Chase. ("Mad Money Recap" 4-21-09)

People owning HAL also tend to own: ATIMFLXTEXTIEAIGBAC

TheStreet.com Rating: B- What is this?

  • +
  • BK
    Bank Of Ny Mellon
  • $26.19
  • -0.34%
  • $26.14

"Trying to sort through Bank of New York's (BK) quarter, which doesn't seem so hot." ("'Not Bad' May Just Be Good Enough Here," 4-21-09) ... Switching gears, Cramer said he's been pushing State Street(STT), which he owns for his Action Alerts PLUS charitable trust. "They beat 'em all," he said, including Northern Trust (NTRS) and Bank of New York (BK). State Street's "got the mojo." ("Stop Trading!" 4-21-09)

People owning BK also tend to own: CDISFDXICFJPMMMMPFE

TheStreet.com Rating: D+ What is this?

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