Cramer's 'Mad Money' Follow-Up: Aug. 5

(Updated with closing stock prices.)

NEW YORK (TheStreet) -- 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 Tuesday's "Mad Money" show were faring today.

---

TransCanada(TRP Quote): Pipeline purveyor TransCanada is a superior foreign stock, said Cramer, and because it makes money on the flow of energy rather than the price, it's a relatively stable investment. He liked its dividend, which he said will likely increase, and growth prospects.

On Wednesday, TransCanada slid 9 cents to close at $29.13.

Bank of America(BAC Quote): Cramer predicted that an influx of money managers into BofA, which he owns for his Action Alerts PLUS charitable trust, will drive the stock higher. The company has control of 12.2% of U.S. deposits and is strengthening its balance sheet.

BofA closed up $1.02, or 6.5%, at $16.66