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 Friday's "Mad Money" show fared today.Best Buy(BBY Quote): Retail sales numbers are due out on Tuesday, but Cramer will be focused on Best Buy's earnings, which the company is scheduled to report the same day, to see if the consumers pass the ultimate test: buying things they don't need. On Monday, Best Buy added 65 cents, or 1.6%, to close at $40.41. Palm(PALM Quote): Palm is also set to report earnings this week, but Cramer warned that Palm is a false indicator in its space. For example, if it reports a poor quarter, that likely means that competitors such as Apple(AAPL Quote) are seeing strength. On Monday, Palm closed up 46 cents, or 3.3%, at $14.37, and Apple added $1.56, or 0.9%, to $173.72. Bank of America(BAC Quote): The latest housing starts number will also be announced this week, and Cramer said that if the number's good, he recommends steering clear of the homebuilders in favor of Action Alerts PLUS name Bank of America(BAC Quote), the largest mortgage company in the U.S.
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