Cramer's Take on Headline Stocks 4-9-09

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Stocks reversed their two-day slump on Wednesday, with the three major indices all posting gains. General Motors (GM), Bank of America (BAC) and General Electric (GE) closed in the red, but Ford (F) shot up 13.2%, and Bed Bath & Beyond (BBBY) closed up a hearty 24.3%.

Pulte (PHM) closed down 10.5% at $9.64 after announcing that it will buy Centex (CTX). The deal will create the nation's largest homebuilder, which Jim Cramer said "should have happened a year ago." Centex rose 18.9% on the news, closing up $1.44 at $9.06.

Life insurers soared on news that those that qualify will be eligible to receive TARP funds.

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

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