Cramer's 'Mad Money' Follow-Up: March 25
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 Wednesday's "Mad Money" show fared today.
Entercom (ETM): According to Cramer, radio's not dead. In fact, he said, "it might be better than ever." With few radio stocks left to choose from, he took a look at Entercom, which has seen its digital advertising revenue increase by 50% and reduced its debt by $100 million. He said it's the only way to play a radio boom, but he didn't identify any short-term catalysts and told viewers to wait for a pullback before picking up shares. On Thursday, Entercom added 4 cents, or 0.4%, to close at $11.21. MaxLinear (MXL): Cramer told viewers that with the stock up 28%, it's time to ring the register on MaxLinear. On Thursday, MaxLinear closed down 66 cents, or 3.5%, at $18.04. Calix (CALX): Cramer said he still liked Calix, but he told viewers to wait for a pullback. He also called First Interstate (FIBK) a buy. On Thursday, Calix slid 85 cents, or 5.6%, to $14.25, while First Interstate added 36 cents, or 2.3%, to $16.06. Stec (STEC): Cramer said Stec was poorly run, and he did not want to own it. He did recommend Weatherford (WFT), which he owns for his Action Alerts PLUS charitable trust, deeming it one of the cheapest oil services plays. On Thursday, Stec lost 14 cents, or 1.2%, to close at $11.85, while Weatherford lost 51 cents, or 3.2%, to close at $15.48. Saks (SKS): In his "Lightning Round" segment, Cramer said high-end retail was "really rocking" and that he liked what he was seeing. He told viewers he though Saks was a winner.
|Stockpickr: Who Owns Saks?|
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