Monday, 21 June 2010

Cramer's Take on Headline Stocks: June 21

NEW YORK (stocksource) -- Regardless of why a stock is in the news, it never hurts to hear what a professional investor has to say about it. The key is to gather as much information as you can in order to make the most informed investment decisions you can. As Jim Cramer (read an excerpt from his new book here) often reminds, investors must do their homework.

So what has Cramer had to say lately about today's headline-makers?

In recent blog post, Cramer wrote:

"All sorts of groups appear buyable, including aerospace with Boeing(BA) leading; auto, withMagna(MGA) and Ford and health care, withCardinal(CAH), Express Scripts(ESRX),Medco(MHS), Stericycle(SRCL), and United Health(UNH) (the HMOs all show up strongly, at last) finally joining AmerisourceBergen(ABC) with nice trends."

First Solar(FSLR): China's decision to allow the yuan to appreciate against the dollar could give a boost to solar stocks such as First Solar and SunPower(SPWRA).

On a "Lightning Round" segment earlier this month, Cramer told viewers to sell First Solar. "You cannot make solar profitable here," he said. "This is the first subsidy that governments will be cutting. Don't get beheaded. "

Apple(AAPL): Apple's iPad should see some competition soon from Nokia(NOK), which has produced prototypes of a tablet it hopes will be ready by the fall, according to DigiTimes.

On Friday's "Mad Money" show, Cramer said that earnings reports this week fromAdobe(ADBE) AND Research in Motion(RIMM) will provide insight into Action Alerts PLUSstock Apple's effect on the companies. Cramer told viewers to pick up more Apple on any weakness.

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