Cramer's 'Mad Money' Follow-Up: Oct. 30
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 Thursday's "Mad Money" show fared today.Procter & Gamble(PG): Procter, which Cramer owns in his Action Alerts PLUS charitable trust, was one of four safety stocks he recommended on Thursday. He pointed to its 7-cent-a-share upside surprise and said he likes its dividend. On Friday, Procter closed down $1.54, or 2.6%, at $58. General Mills(GIS): General Mills was another of Cramer's safety stocks. He liked that the company raised its guidance for 2010 and said it has a history of outperforming. Food, he said, is one thing that people do not cut back on. On Friday, General Mills lost 78 cents, or 1.2%, to close at $65.92. WellPoint(WLP): Cramer's third safety stock was WellPoint, which he said had a great quarter and is a buy even in the face of health care reform. He said he could see the stock going to $53.
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