Cramer's Take on Headline Stocks: Nov. 2

Not a Stockpickr member? Join the community today -- for free.

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 often reminds, investors must do their homework.

So what has Cramer had to say lately about today's headline-makers? At Stockpickr, we've combed through his recent RealMoney blog posts, "Mad Money" TV show recaps and "Stop Trading!" segments to find out what he thinks about some of today's newsworthy stocks.

CIT(CIT Quote): On Sunday, CIT filed for bankruptcy protection following a failed debt-exchange offer to bondholders.

In an Oct. 26 post to his RealMoney blog, Cramer said that the "now dangerous" situation in Synovus(SNV Quote) is a "reminder of the precarious nature of the regional banks" and that Synovus "is beginning to look like CIT." "We can handle one CIT," he said. "We can't handle another."

Humana(HUM Quote): Humana's beat analyst estimates in its third quarter by a penny, with a profit of $1.78 a share. Revenue rose 8% to $7.72 billion but missed the $7.82 billion consensus target.

On Oct. 26 on "Stop Trading!", Cramer said he saw little risk in shorting stocks in the current market environment, even stocks such as Humana, WellPoint(WLP Quote) and UnitedHealth(UNH Quote). He said these stocks should be fine in the long term, but in the short term, they're likely to be shorted by people overreacting to talk of a public option.

Wal-Mart(WMT Quote): Wal-Mart is cutting prices on 100 more toys for the holiday season, by 20% to 30%.