By Stockpickr Staff
Posted on June 9, 2009

Monday's headline-grabber was spilling into Monday, with the excitement over Apple's (AAPL) new iPhone, revealed yesterday at the company's Worldwide Developer Conference. The 3G S phone, available on June 19, looks like its predecessor but adds such features as a better camera with video capabilities and faster network speeds.

Current COO Robert McDonald's appointment as the new CEO of Procter & Gamble (PG) is expected to be approved today at a P&G board meeting in Cincinnati. McDonald would replace A.G. Lafley, who was CEO for nine years and will remain as chairman.

In analyst upgrade-downgrade news, JPMorgan ugraded Marvell Technologies (MRVL) to outperform and raised its price target on the stock to $15 from $9. Morgan Stanley upgraded U.S. Steel (X) to overweight with a $45 price target but downgraded Nucor (NUE). And Citigroup downgraded Hartford Financial (HIG) to hold from buy with a $19 price target.

With this in mind, we thought we'd take a look at what Jim Cramer's been saying about stocks in the news lately.

These stocks could be in the news for a number of reasons. Some require immediate attention; others may not. Regardless, 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.

In a recent post to his RealMoney blog, Cramer wrote:

"This selloff seems to have some power, as the oil price hasn't gone positive yet, something I expect to happen when the margined oil players come in and squeeze things up. We remain hostage to those shenanigans, because there are so many oil and oil-related stocks that can rally with them. Watch Transocean (RIG) and Occidental (OXY) and Anadarko (APC) for clues.

"The wise profit-takers are in on Apple (AAPL) which, of course, then knocks down all of the other players in the group, which is par for the 'stupid' but gameable force that is this market.

"The industrials are pausing because the commodity rally, which takes its cue from oil, gold and Europe in that order, has not a thing going for it right now. Caterpillar's (CAT) on the case there as an indicator, along with Freeport (FCX) and BHP (BHP), the China plays.

"Which leaves the banks, and they surprisingly are strong, no doubt because there have been no new deals filed. That should last the whole day. The bears have done their best to flood Wells Fargo's (WFC) name with lots of negativity, no doubt to somehow create the impression that another deal is necessary to pay back TARP. I think when we see the quarter -- which is a huge beneficiary of the housing bottom that everyone seems to know but the press -- we will be blown away by the money that's being made here.

"The strength of this group and the possibility of oil going positive should contain the losses to manageable amounts as the cash comes in over the transom to make a ton of money for all the mutual funds that are once again putting money to work in the weakness."

For more of what Cramer's had to say about stocks making headlines, check out the Cramer's Take portfolio on Stockpickr.

(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Wells Fargo and BHP Billiton for his Action Alerts PLUS charitable trust.)