Cramer's 'Mad Money' Follow-Up: Panera

On Wednesday's "Mad Money" TV show, Jim Cramer interviewed Agnico-Eagle CEO Sean Boyd and discussed the company's the outlook for gold. Boyd said Agnico owns all of its gold reserves, which means it can expand from current spaces rather than rely on starting new mines. He also expressed pride at the company's 27-year dividend.

Cramer said he liked Agnico-Eagle Mines(AEM Quote) and the SPDR Gold Trust(GLD Quote) and said that gold is a responsible investment.

On Thursday, Agnico lost $1.91, or 4.2%, to close at $44.11. SPDR Gold Trust was off $1.06, or 1.2%, to close at $87.27.

Cramer also spoke with Panera Bread(PNRA Quote) CEO Ron Shaich about that company's quarterly earnings report. The company's earnings were strong, but the stock plunged on Wednesday.

Cramer likes Panera and considers it an investment opportunity. The stock closed up 64 cents, or 1.2%, to $56.01 on Thursday.

He said that the action on Wednesday in Dendreon(DNDN Quote) seemed like a short squeeze. "I'm inclined to sell, sell, sell," he said.

Dendreon lost $1.74, or 7.6%, to close at $21.20 on Thursday.

Wal-Mart(WMT Quote), which Cramer owns for his Action Alerts PLUS charitable trust, "is going to stall a little here," he said, because "people want the exciting growth stocks."

On Thursday, Wal-Mart traded down 5 cents to close at $50.40.

Cramer said he was "worried" about steel stocks, including Nucor(NUE Quote), which he said had the best product profile. "I don't think it's going to do well," he said. "I'm not a buyer."