Cramer's 'Mad Money' Recap: April 23

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Beware the whispers on Wall Street, Jim Cramer cautioned viewers of his "Mad Money" TV show on Thursday. He said that while whispers and rumors have become an integral part of Wall Street, lately they've just been dead wrong.

Case in point, ConocoPhillips (COP Quote), a stock that Cramer owns for his charitable trust, Action Alerts PLUS. The stock is totally hated by analysts, said Cramer, with only four out of 12 rating it a buy. Yet the company that supposedly was to screw up the quarter instead doubled Wall Street's estimates.

Likewise, with Black & Decker (BDK Quote). This company too was supposed to disappoint and even slash its dividend according to the rumors. The only problem: It didn't.

Cramer said other companies have fallen victim to the whispers, too. Caterpillar (CAT Quote), another Action Alerts PLUS name, appeared to have suffered a big loss, but upon closer examination, that loss came from a one-time restructuring charge, and the company actually made money.

Cramer said it's almost always better to invest against the whispers and rumors, and these examples make that very clear.