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.Darden(DRI Quote): Cramer predicted that Darden would see an increase in its casual dining business over the next few months, due to his thesis that "the rich are spending again." He said that high-end retailers such as Whole Foods(WFMI Quote), Tiffany(TIF Quote) and Williams-Sonoma(WSM Quote) have all seen sales pick up and increased outlooks On Friday, Darden slid 13 cents, or 0.4%, to close at $32.65. Whole Foods added $1.15, or 4.2%, to $28.25; Tiffany closed up 5 cents at $41.35; and Williams-Sonoma added 3 cents to $19.24. American Express(AXP Quote): Another company that should benefit from the wealthy returning to spending is American Express, which Cramer said was that demographic's preferred credit card. He said the stock is cheap and has the potential to be upgraded.
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