Cramer's Take on Headline Stocks: July 13
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Date updated:07-13-2009

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.

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.

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

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.

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. Read more here.

symbol name last price % change open
  • +
  • SNDK
    Sandisk Corporati
  • $20.24
  • +0.60%
  • $19.90

"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.)" "Tech for a Trade," 7-10-09

People owning SNDK also tend to own: AIRNAUYEFIIFXIHLKGCSPN

TheStreet.com Rating: D What is this?

  • +
  • AAPL
    Apple Inc.
  • $199.92
  • -0.29%
  • $198.33

"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.)" "Tech for a Trade," 7-10-09 ... Turning to earnings season, he said that he would not be surprised if Apple (AAPL) reports "a number that blows your socks off." "'Stop Trading!': Cancel GM, AIG," 7-10-09

People owning AAPL also tend to own: AMDCSCODELLGOOGIBMINTCMSFT

TheStreet.com Rating: B+ What is this?

  • +
  • NVLS
    Novellus Systems
  • $20.96
  • +0.34%
  • $20.80

"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.)" "Tech for a Trade," 7-10-09 ... He offered the example of Novellus (NVLS), which reports on Monday and was upgraded by two firms. "It's up 6 cents," he said. "'Stop Trading!': Cancel GM, AIG," 7-10-09

People owning NVLS also tend to own: AMATAMDAMXCNQRDADWIIG

TheStreet.com Rating: C- What is this?

  • +
  • DELL
    Dell Inc.
  • $14.29
  • -9.96%
  • $14.59

"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.)" "Tech for a Trade," 7-10-09 ... Goldman "recommended Dell (DELL), which is like the worst tech company on earth," he said. "It's a statement!" "'Stop Trading!': Cancel GM, AIG," 7-10-09

People owning DELL also tend to own: AAPLAMDCSCOGOOGIBMINTCMSFT

TheStreet.com Rating: C+ What is this?

  • +
  • STX
    Seagate Technolog
  • $15.59
  • -2.87%
  • $15.86

"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.)" "Tech for a Trade," 7-10-09

People owning STX also tend to own: AHMAIZALBAMPAVTAXCABBI

TheStreet.com Rating: D What is this?

  • +
  • QQQQ
    Powershares Excha
  • $43.44
  • -0.50%
  • $43.42

"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.)" "Tech for a Trade," 7-10-09

People owning QQQQ also tend to own: ABTBKCATCSCOCTXDEDHI

TheStreet.com Rating: No Rating What is this?

  • +
  • HON
    Honeywell Intl In
  • $38.04
  • -0.55%
  • $38.01

Cramer said he's not buying into the negativity. Instead he said he would be buying into stocks like Honeywell (HON) and Home Depot (HD), two stocks he owns for his charitable trust, Action Alerts PLUS, along with Wal-Mart (WMT). "Mad Money" Recap, 7-10-09

People owning HON also tend to own: AAALLAPCBABACCCAT

TheStreet.com Rating: B- What is this?

  • +
  • HD
    Home Depot Inc
  • $27.18
  • +0.26%
  • $26.98

Cramer said he's not buying into the negativity. Instead he said he would be buying into stocks like Honeywell (HON) and Home Depot (HD), two stocks he owns for his charitable trust, Action Alerts PLUS, along with Wal-Mart (WMT). "Mad Money" Recap, 7-10-09

People owning HD also tend to own: CCLXCVSGOOGGSJNJLLY

TheStreet.com Rating: C What is this?

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