Cramer's Take on Headline Stocks

Making Friday's headlines was Philip Morris International(PM Quote), which will acquire Protabaco, a Colombian cigarette producer. Protabaco, which sold 6.1 billion cigarettes in 2008, will build on Philip Morris current 15.6% overseas market share.

PriceSmart(PSMT Quote), which operates membership shopping warehouse clubs in Central America and the Caribbean, earned $8.7 million, or 30 cents a share, in its most recent quarter, down 18% from the year-earlier quarter. This compares with analysts' expectations for 33 cents a share.

In analyst ratings news, FBR Capital upgraded SunTrust(STI Quote) to market perform from underperform, maintaining its $17 price target on the stock. Deutsche Bank initiated coverage on NetLogic(NETL Quote) at hold with a $35 price target.

TheStreet.com's headlines today include outrage at AIG's(AIG Quote) desire to hand out staff bonuses, why investors should exercise caution when choosing solar stocks and General Motors'(GM Quote) pending management cuts.

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

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