Every night on "Mad Money," Jim Cramer offers market commentary and general investment advice, and he makes calls on specific stocks, both of his own choosing and in response to viewer requests. He relies on his many years of experience and strong track record, and he takes full responsibility for his calls.
"I never shirk from admitting my mistakes; instead, I dwell on them to learn from them. I change my mind, I take losses, I own up to them," Cramer has said. Here we track some of his calls from the previous episode of "Mad Money" and find out, at least in the very short term, how the stocks are performing. Keep in mind that Cramer might not have been recommending that viewers take immediate action on a stock. And, of course, it's up to the individual investor to do his or her own homework. That said, here's how some of the stocks that Cramer talked about on Wednesday's "Mad Money" show fared today.Owens Corning(OC Quote): Cramer said that Owens Corning and Home Depot(HD Quote) would be obvious beneficiaries of Bill Clinton's proposed Cash for Caulkers plan, which would provide incentives for home weatherization. Less-obvious companies that could benefit from the plan are Cypress Semiconductor(CY Quote) and Watsco(WSO Quote), said Cramer. On Thursday, Owens Corning lost 11 cents, or 0.5%, to close at $24.47, and Home Depot slid 18 cents, or 0.7%, to $27.11. Cypress was off 27 cents, or 2.7%, at $9.69, and Watsco shed 65 cents, or 1.2%, to $51.58. Baytex Energy Trust(BTE Quote): Cramer recommended Canadian energy trusts because recently they've begun to be taken over at huge premiums. He particularly liked Baytex Energy Trust for its dividend and production growth.
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