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.
General Electric (GE - Get Report): Cramer said that the switch to a smart energy grid won't have much impact on a company as big as GE, but it will on one such as Itron (ITRI - Get Report), a leader in smart-power meters. Cramer said he made a mistake recommending the stock in April at $100 a share, but he's ready to recommend it again now that GE's rollout of its first smart-energy appliance signals that the transition is coming. On Tuesday, Itron closed up 63 cents, or 1.1%, at $57.41, while GE lost 26 cents, or 1.6%, to $15.58. Cisco (CSCO - Get Report): Cramer told a viewer to take the profits from selling Starent (STAR - Get Report) and put them into its acquirer, Cisco.