Cramer's Take on Headline Stocks: April 23
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Date updated:04-23-2009

After reporting a $578 million loss and cutting its dividend significantly, from 27 cents a share to 5 cents a share, Morgan Stanley (MS) was upgraded by Merrill Lynch Bank of America from underperform to neutral with a price target of $24. Barclays cut its target on the stock to $26 a share, and estimates were lowered at both firms.

Wells Fargo (WFC) was another large financial institution to report earnings on Wednesday, but it posted a profit of about $3.1 billion excluding preferred dividends.

Trading was mixed on Wednesday, with the financial sector and General Motors (GM) closing largely down and stocks such as Ford (F), which received an upgraded from Goldman Sachs to buy, and Apple (AAPL), which reported a better-than-expected quarter, closing higher.

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

Read read the Stockpickr article here.

symbol name last price % change open
  • +
  • MS
    Morgan Stanley
  • $32.10
  • -0.65%
  • $32.42

"This market shouldn't be this strong. The old market, the pre-March 6 market, would have taken its cue from Morgan Stanley (MS)." ("So Much Strength," 4-22-09)

People owning MS also tend to own: ACEBACCCBCOPCVXDIS

TheStreet.com Rating: No Rating What is this?

  • +
  • WFC
    Wells Fargo & Co
  • $27.87
  • -1.59%
  • $28.21

"Instead, we think of Morgan Stanley as an outlier and we focus on the big lending machine that is Wells Fargo (WFC)." ("So Much Strength," 4-22-09)

People owning WFC also tend to own: ACEBACCCBCOPCVXDIS

TheStreet.com Rating: C What is this?

  • +
  • COF
    Capital One Finan
  • $37.70
  • -1.67%
  • $38.01

"We would have freaked out at the bad news from Capital One (COF), at the bad loans. Instead, you had to buy it in the aftermarket last night at $13 because the darned thing's unchanged." ("So Much Strength," 4-22-09)

People owning COF also tend to own: AFGAIZAMPAMTDAWBCBACCKFR

TheStreet.com Rating: D+ What is this?

  • +
  • GM
    Gm
  • $0.00
  • N/A
  • $N/A

"We would have looked at GM (GM) and said, 'Uh oh, here comes bankruptcy.' Instead we say, 'Look, there goes Ford (F) like a stone wall.'" ("So Much Strength," 4-22-09)

People owning GM also tend to own: CMEICEISESAMCBATMMS

TheStreet.com Rating: No Rating What is this?

  • +
  • F
    Ford Motor Co
  • $8.64
  • -1.03%
  • $8.63

"We would have looked at GM (GM) and said, 'Uh oh, here comes bankruptcy.' Instead we say, 'Look, there goes Ford (F) like a stone wall.'" ("So Much Strength," 4-22-09)

People owning F also tend to own: AEPAMPAOCCAGCSXEIXGNW

TheStreet.com Rating: C- What is this?

  • +
  • ABT
    Abbott Laboratori
  • $53.64
  • +1.28%
  • $53.25

"We would have looked at Abbott Labs (ABT) and Procter & Gamble (PG) and just said that the big consumer product and drug stocks are so bad they might kill any rally. Instead, we cheer." ("So Much Strength," 4-22-09)

People owning ABT also tend to own: AGNBMYBRLCEPHENDPFRXHSP

TheStreet.com Rating: A- What is this?

  • +
  • PG
    Procter Gamble
  • $61.80
  • -0.56%
  • $62.00

"We would have looked at Abbott Labs (ABT) and Procter & Gamble (PG) and just said that the big consumer product and drug stocks are so bad they might kill any rally. Instead, we cheer." ("So Much Strength," 4-22-09) ... Procter & Gamble (PG) is the "No. 1 dividend-raiser in the NYSE," Cramer said, with a long history of raising its dividend and "fantastic management." He expects P&G to report a "good, stable quarter" next week, but he said the stock would probably fall on the news. ("Stop Trading!" 4-22-09)

People owning PG also tend to own: CLCTDENNFFEXJBSSJRCCMEEMSFT

TheStreet.com Rating: B+ What is this?

  • +
  • INTC
    Intel Corporation
  • $19.24
  • -0.31%
  • $19.15

"We would have said that Intel (INTC) reported a bad quarter and dismiss their "bottom" call; instead, the darned stock keeps climbing." ("So Much Strength," 4-22-09)

People owning INTC also tend to own: AAPLAMDCSCODELLGOOGIBMMSFT

TheStreet.com Rating: B What is this?

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