Cramer's Take on Headline Stocks: June 3
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Date updated:06-03-2009

Toll Brothers (TOL) reported second-quarter earnings on Wednesday, announcing a loss of $93.7 million, or 59 cents a share. The homebuilder's revenue fell 51% to $398.3 million.

NetApp (NTAP) and EMC (EMC) are in a bidding war for Data Domain (DDUP). After EMC made an offer of $1.8 billion, NetApp raised its $1.5 billion offer to $1.9 billion. EMC's offer is all-cash, while NetApp's is a combination of stock and cash.

Also making Wednesday's headlines, a Collins Stewart analyst upgraded Apple (AAPL) to buy from neutral based on its competitive advantage in the smartphone market over Research In Motion (RIMM) and Microsoft (MSFT).

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

Read the full article here.

symbol name last price % change open
  • +
  • TOL
    Toll Brothers Inc
  • $18.39
  • +0.88%
  • $18.23

"This is not a clarion call to buy Toll Brothers (TOL) or Lennar (LEN) or KB Home (KBH). It is a clarion call to buy JPMorgan Chase (JPM) and Bank of America (BAC) and Wells Fargo (WFC). The latter may have to do a deal; the former two have done them. (I would buy JPMorgan Chase on the broken print, which I don't think will last.)" ("Pending Home Sales Data Signal a Bottom," 6-2-09)

People owning TOL also tend to own: AFCEATARBLBPGFRNGEGGEMS

TheStreet.com Rating: D+ What is this?

  • +
  • LEN
    Lennar Cp Cl A
  • $14.30
  • 0.00%
  • $N/A

"This is not a clarion call to buy Toll Brothers or Lennar (LEN) or KB Home (KBH). It is a clarion call to buy JPMorgan Chase (JPM) and Bank of America (BAC) and Wells Fargo (WFC). The latter may have to do a deal; the former two have done them. (I would buy JPMorgan Chase on the broken print, which I don't think will last.)" ("Pending Home Sales Data Signal a Bottom," 6-2-09)

People owning LEN also tend to own: DEBSDLXEXPOHRBKCPLIZMDC

TheStreet.com Rating: D+ What is this?

  • +
  • KBH
    Kb Home
  • $14.68
  • -3.29%
  • $15.19

"This is not a clarion call to buy Toll Brothers or Lennar (LEN) or KB Home (KBH). It is a clarion call to buy JPMorgan Chase (JPM) and Bank of America (BAC) and Wells Fargo (WFC). The latter may have to do a deal; the former two have done them. (I would buy JPMorgan Chase on the broken print, which I don't think will last.)" ("Pending Home Sales Data Signal a Bottom," 6-2-09)

People owning KBH also tend to own: AETBZHCGIFBPHOVLUKMDC

TheStreet.com Rating: D What is this?

  • +
  • JPM
    Jp Morgan Chase C
  • $44.17
  • -0.41%
  • $44.14

"This is not a clarion call to buy Toll Brothers or Lennar (LEN) or KB Home (KBH). It is a clarion call to buy JPMorgan Chase (JPM) and Bank of America (BAC) and Wells Fargo (WFC). The latter may have to do a deal; the former two have done them. (I would buy JPMorgan Chase on the broken print, which I don't think will last.)" ("Pending Home Sales Data Signal a Bottom," 6-2-09) ... "I think there's a move to favor American brokers over foreign brokers. Why not look at JPMorgan Chase (JPM) over Barclay's." ("Mad Money Lightning Round," 6-2-09)

People owning JPM also tend to own: AAAIGIBMINTCJNJKOMSFT

TheStreet.com Rating: B- What is this?

  • +
  • WFC
    Wells Fargo & Co
  • $28.10
  • -1.06%
  • $28.25

"This is not a clarion call to buy Toll Brothers or Lennar (LEN) or KB Home (KBH). It is a clarion call to buy JPMorgan Chase (JPM) and Bank of America (BAC) and Wells Fargo (WFC). The latter may have to do a deal; the former two have done them. (I would buy JPMorgan Chase on the broken print, which I don't think will last.)" ("Pending Home Sales Data Signal a Bottom," 6-2-09)

People owning WFC also tend to own: ACEBACCCBCOPCVXDIS

TheStreet.com Rating: C What is this?

  • +
  • BAC
    Bk Of America Cp
  • $16.03
  • +1.65%
  • $15.85

"This is not a clarion call to buy Toll Brothers or Lennar (LEN) or KB Home (KBH). It is a clarion call to buy JPMorgan Chase (JPM) and Bank of America (BAC) and Wells Fargo (WFC). The latter may have to do a deal; the former two have done them. (I would buy JPMorgan Chase on the broken print, which I don't think will last.)" ("Pending Home Sales Data Signal a Bottom," 6-2-09)

People owning BAC also tend to own: AAPLGOOGINTCMSFTRACKCFCASH

TheStreet.com Rating: C- What is this?

  • +
  • FITB
    Fifth Third Banco
  • $9.42
  • -3.19%
  • $9.71

"Don't go with Fifth Third (FITB). Don't go with Key (KEY)," said Jim Cramer on CNBC's "Stop Trading!" segment on Tuesday. ("Stop Trading!" 6-2-09)

People owning FITB also tend to own: CACLECSCOGEGRKMPKR

TheStreet.com Rating: D What is this?

  • +
  • KEY
    Keycorp
  • $5.69
  • -2.57%
  • $5.72

"Don't go with Fifth Third (FITB). Don't go with Key (KEY)," said Jim Cramer on CNBC's "Stop Trading!" segment on Tuesday. ("Stop Trading!" 6-2-09)

People owning KEY also tend to own: AUYBPCSELMTLUNAPEGPWE

TheStreet.com Rating: D What is this?

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