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.
Baltic Trading (BALT - Get Report): 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 - Get Report): 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 - Get Report), 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 - Get Report): "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 - Get Report): 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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