Cramer's Take on Headline Stocks: June 2
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Date updated:06-02-2009

On Tuesday, General Electric (GE) finance arm GE Capital said it loaned $400 million to Sears Holdings (SHLD), part of a total of $4 billion loaned to the retailer to be used as working capital.

Bank of America (BAC) was also making headlines on Tuesday after announcing that it has raised almost $33 billion since the results of the government's stress tests were revealed less than a month ago.

General Motors (GM), which filed for bankruptcy protection on Monday, said it has found a purchaser for its Hummer brand but did not reveal the particulars of the deal.

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

Read the full article here.

symbol name last price % change open
  • +
  • ABT
    Abbott Laboratori
  • $51.53
  • -0.17%
  • $51.45

"When you see Gilead (GILD), Coca-Cola (KO), Abbott Laboratories (ABT) and Merck (MRK) down on this otherwise perfect day, you have to recognize that consistency is so out of favor as to make safety be the killer -- the true generator of underperformance." ("Saftey Last," 6-1-09)

People owning ABT also tend to own: AGNBMYBRLCEPHENDPFRXHSP

TheStreet.com Rating: A- What is this?

  • +
  • KO
    Coca Cola Co The
  • $54.49
  • +0.17%
  • $53.97

"When you see Gilead (GILD), Coca-Cola (KO), Abbott Laboratories (ABT) and Merck (MRK) down on this otherwise perfect day, you have to recognize that consistency is so out of favor as to make safety be the killer -- the true generator of underperformance." ("Saftey Last," 6-1-09)

People owning KO also tend to own: AAAIGIBMINTCJNJJPMMSFT

TheStreet.com Rating: B What is this?

  • +
  • GILD
    Gilead Sciences
  • $46.26
  • +1.67%
  • $45.42

"When you see Gilead (GILD), Coca-Cola (KO), Abbott Laboratories (ABT) and Merck (MRK) down on this otherwise perfect day, you have to recognize that consistency is so out of favor as to make safety be the killer -- the true generator of underperformance." ("Saftey Last," 6-1-09)

People owning GILD also tend to own: GGJNJMASLWADBEBBBBBMRN

TheStreet.com Rating: B- What is this?

  • +
  • MRK
    Merck Co Inc
  • $32.59
  • -0.37%
  • $32.61

"When you see Gilead (GILD), Coca-Cola (KO), Abbott Laboratories (ABT) and Merck (MRK) down on this otherwise perfect day, you have to recognize that consistency is so out of favor as to make safety be the killer -- the true generator of underperformance." ("Saftey Last," 6-1-09)

People owning MRK also tend to own: CCATDEFNMFREGEKO

TheStreet.com Rating: B- What is this?

  • +
  • SHLD
    Sears Holdings Co
  • $67.65
  • +1.14%
  • $67.36

"People want Sears (SHLD) because they want to play companies that will benefit coming out of a recession and are still solvent. They want Johnson Controls (JCI) because they need some play on autos because the auto market is coming back." ("Saftey Last," 6-1-09) ... Finally, Cramer recommended Sears (SHLD) as a play on "a return to the mall." He said that no one believes in the stock, but "they bought back a lot of stock" and the stock has been going up "pretty consistently." He call it "one of the best-acting retailers out there." (Cramer's "Stop Trading!" 6-1-09)

People owning SHLD also tend to own: AAALLAPCBABACCCAT

TheStreet.com Rating: D+ What is this?

  • +
  • JCI
    Johnson Controls
  • $26.23
  • +0.81%
  • $25.95

"People want Sears (SHLD) because they want to play companies that will benefit coming out of a recession and are still solvent. They want Johnson Controls (JCI) because they need some play on autos because the auto market is coming back." ("Saftey Last," 6-1-09) ... Cramer offered another trade on the back of General Motors' (GM Quote) bankruptcy filing: Johnson Controls (JCI Quote), which he said is a "very well-run company." Cramer said that Johnson Controls is a play on a turn in the auto industry. "I've been waiting for the auto industry to slow down," he said, to a point where people fill the risk is out. (Cramer's "Stop Trading!" 6-1-09)

People owning JCI also tend to own: PGWECAEOBACCATLOWLVLT

TheStreet.com Rating: C- What is this?

  • +
  • FO
    Fortune Brands In
  • $39.28
  • -1.43%
  • $39.35

"They want overvalued companies like Fortune Brands (FO) and Masco (MAS) because they won't be overvalued when housing comes back. And they want anything that has anything to do with oil." ("Saftey Last," 6-1-09)

People owning FO also tend to own: BLSCEGCVXNSTPGNSTTT

TheStreet.com Rating: C- What is this?

  • +
  • MAS
    Masco Cp
  • $12.60
  • +1.78%
  • $12.27

"They want overvalued companies like Fortune Brands (FO) and Masco (MAS) because they won't be overvalued when housing comes back. And they want anything that has anything to do with oil." ("Saftey Last," 6-1-09)

People owning MAS also tend to own: CATSGPSHLDAAVAEROALLAOS

TheStreet.com Rating: D+ What is this?

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