Cramer's 'Mad Money' Follow-Up: Sept. 16

Stock quotes in this article: AAPL , FLEX , HD , MSO , M , COST  

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 fared today.


Apple(AAPL Quote): Cramer raised his price target on Apple to $264 from $200 because of an expected accounting change that will allow Apple to recognize its true earnings. He recommended getting into the stock now before the rest of Wall Street catches on.

On Wednesday, Apple closed up $6.71, or 3.8%, at $181.87.

Flextronics(FLEX Quote): Cramer said he likes the stock's fundamentals as well as the diversity of its customer base and its geographical diversity, its inventory reduction and its exposure to the mobile device market. He called the stock a buy.

On Wednesday, Flextronics added 54 cents, or 7.8%, to close at $7.46.

Martha Stewart Living Omnimedia(MSO Quote): Cramer spoke with Martha Stewart Executive Chairman Charles Koppelman. The company is embarking on new partnerships with Home Depot(HD Quote), which Cramer owns for Action Alerts PLUS, and Macy's(M Quote) and possibly Costco(COST Quote). Cramer liked the stock and said he'd buy Martha Stewart on a pullback.

On Wednesday, Martha Stewart gained 25 cents, or 3.1%, to close at $8.39. Home Depot was up 65 cents, or 2.4%, at $28.06; Macy's lost 9 cents, or 0.5%, to $17.52; and Costco added 88 cents, or 1.6%, to $57.70.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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At the time of publication, Cramer had no positions in stocks mentioned .

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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