Cramer's 'Mad Money' Follow-Up: March 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.
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.
Baltic Trading (BALT): Cramer warned viewers about Baltic Trading, which went public at $14 a share recently. He said the company has no revenue or operating history and doesn't even own any ships. On Friday, Baltic Trading lost 11 cents, or 0.8%, to close at $13.65. Qwest (Q): Cramer pointed to Qwest's cost-cutting measures and debt reduction. He liked the company's dividend, which he said he no longer thinks will be cut. He said the stock is not a gamble anymore and now has a lot of upside. On Friday, Qwest closed up 5 cents, or 1%, at $5.02. Palm (PALM): In his "Lightning Round" segment, Cramer told viewers that Palm is struggling and needs to be taken over. He instead recommended Apple (AAPL), which he said he's hear has been per-ordering "a ton of iPads." On Friday, Palm slid $1.65, or 29.2%, to close at $4, while Apple closed off $2.40, or 1.1%, at $222.25. Raytheon (RTN): "Raytheon is good," said Cramer. He told viewers to hold on to the stock. On Friday, Raytheon added 3 cents to close at $56.87. Coach (COH): Cramer said that even though "all the bears are against" Coach, he's "all for it." "Wealthy people are spending," he said. On Friday, Coach lost 23 cents, or 0.6%, to close at $37.85. Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.
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