Cramer's 'Mad Money' Follow-Up: Jan. 19
NEW YORK (TheStreet) -- 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.Starbucks(SBUX): In his game plan for this week, Cramer called Starbucks a buy under $22 a share ahead of the company's earnings report on Wednesday. On Tuesday, Starbucks closed up 31 cents, or 1.3%, at $23.58. Johnson Controls(JCI): Cramer was also bullish on Johnson Control's and Schlumberger's(SLB) earnings. Both companies report on Friday. Cramer owns Johnson Controls for his Action Alerts PLUS charitable trust. On Tuesday, Johnson Controls added 30 cents, or 1%, to close at $29.61, and Schlumberger closed up 10 cents at $70.93. Altisource Portfolio(ASPS): Altisource Portfolio was Cramer's "Speculative Friday" pick, based on its potential to benefit from increased foreclosure activity. The barely-known stock is covered by only one analyst, he said, and maintains a growth rate of 20%.
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