Seems Cramer was right when he said to buy BEA Systems before it gets a bid Monday. Today Oracle Corp. (NASDAQ: ORCL) indeed said it has proposed to buy business software maker BEA Systems Inc. (NASDAQ: BEAS) for more than $6.66 billion. If you had listened to Cramer, you could have sold your BEAS shares today 22% higher as indicated by premarket action.

Morgan Stanley upped Apple Inc. (NASDAQ: AAPL) shares target price from $150 to $180, saying the "iPhone will drive more ancillary revenue than it previously modeled." AAPL shares are up nearly half a percent in premarket trading.

McDonald's (NYSE: MCD) has revised its third quarter earnings to 89 cents per share (83 cents from continuing operations and a gain of 6 cents a share) as momentum continues. The fast food chain has posted a 5.9% climb in September global same-store sales. Sales for its restaurants worldwide rose 11.5% in the month. European same-store sales grew 5.7% in the month.

Allegheny Technologies Inc. (NYSE: ATI) warned its earnings will be lower than expected in the second half of the year, and forecast full-year earnings well below Wall Street estimates. Soft demand for standard stainless sheet was cited as the reason. Third-quarter earnings will range between $1.85 and $1.88 per share, the company said, while Wall Street expected $1.96 per share. No doubt shares could come under pressure.

Nokia Corp. (NYSE: NOK) shares are down 1.3% in premarket trading after Enskilda downgraded Nokia to Hold from Buy, saying it believes strong third-quarter results are already priced in the shares.

General Motors Corp. (NYSE: GM) sold nearly 2 1/2 times the number of cars it sold in India in the same period last year, despite a sharp rise in interest rates. GM's market share in India has grown to 3.6%, topping Ford Motor Co.'s (NYSE: F).

JPMorgan Chase & Co. (NYSE: JPM) yesterday said it is cutting positions at its investment banking division after suffering Wall Street's biggest slump in the leveraged loan market.

Another toy recall was announced yesterday, this time hitting J.C. Penney Co. Inc. (NYSE: JCP) and shares closed down nearly 7%. More than 90,000 children's products, most imported by J.C. Penney are being recalled for containing dangerous levels of lead.

Get the latest on cars and trucks
from GM and all brands at AOL Autos.