By Stockpickr Staff
Posted at 11:42 a.m. EDT on June 10, 2009

Crude oil was rising again on Wednesday, lately up at about $70.58, and oil stocks were following its lead, including Chevron (CVX), up 1.2% to $71.01, BP (BP), up 29 cents to $52.25.

Soleil upgraded Yahoo! (YHOO) from hold to buy with a $20 price target, citing the company's potential benefit from a rebound in online advertising.

Citigroup (C) announced that it will convert about $58 billion in preferred stock into common stock in an effort to improve its balance sheet.
According to the Wall Street Journal, the Department of Justice might be considering blocking or revising the terms of a Google settlement that allows it to scan and post books online.

With this in mind, we thought we'd take a look at what Jim Cramer's had to say about some of the 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:

"The Nasdaq united will never be defeated. For those of you who were protestors for just about every cause at college, you know that familiar ditty, except it was "the people" back then. But I keep thinking about it because of how united the Nazz is on days like today, with every oar pulling in the right direction, from restaurant chains to tech (particularly cell phone tech, which I have pushed endlessly) to biotech (thanks Genzyme (GENZ) to infrastructure plays like Bucyrus (BUCY) and Joy Global (JOYG).

"This remarkable move is once again completely ignored, this time because Apple's (AAPL) down on some profit-taking. I would have thought that Intel's (INTC) wakeup call could stir some enthusiasm, but that would require a suspension of all the bear-market prisms that have ignored a market that is up 17%, better than every year save one -- the end of the Nazz bear market, in 2003.

"Oh, and wouldn't you know it? Nasdaq, oil and banks -- the trinity, stronger than ever -- shaking off another morning dip that comes from the fading of any strength. We will not have a decline as long as these three sectors are in sync. I am amazed at how well the Schlumberger (SLB) / Transocean (RIG) stocks react, as they are in super-bull-market mode. JPMorgan's (JPM) still trading above the huge soggy secondary. (Bond auction good? Why not just call it bad, because it would fit a bear thesis?) And of course, there's tech. Endless tech.

"I can spin this pretty negative if you would like it: The steel stocks are up, and those are high-inflation stocks, so that must be the end of the good news, right? You have to be pretty frightened that Wells Fargo (WFC) didn't make the TARP payback cutoff, no? And worst of all, Google's (GOOG) down a buck and change! Oh heavens! Who the heck would have thunk it? Must be the end of the road, for certain."

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

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