Cramer's 'Mad Money' Follow-Up: Aug. 6

Here's how some of Wednesday's 'Mad Money' stocks fared on Thursday.
Author:
Publish date:

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

Wednesday's "Mad Money" show

fared today.

Tellabs

(TLAB)

: Cramer said Tellabs is in the "sweet spot" and is a play on the demand for broadband. He called it a BuyBuyBuy below $6.

On Thursday, Tellabs closed up 9 cents, or 1.6%, at $5.86.

Statoil

(STO)

: Cramer liked Statoil's dividend and growth prospects. The oil company is the sixth-largest in Europe and shows strength all around.

On Thursday, Statoil slid 35 cents, or 1.6%, to close at $21.63.

Cisco

(CSCO) - Get Report

: Cramer said that he sides with the bulls regarding Cisco's earnings.

On Thursday, Cisco added 14 cents, or 0.6%, to $22.31.

Citigroup

(C) - Get Report

: Cramer said he's struggling with Citigroup, but he called it a buy. "I'll bless it," he said.

On Thursday, Citigroup closed up 22 cents, or 6.2%, at $3.80.

First Niagara Financial

(FNFG)

: First Niagara is "incredibly well-run," said Cramer. He called it a buy "all the way up to $16 a share."

On Thursday, First Niagara added a penny to close at $13.43.

Smith Micro Software

(SMSI) - Get Report

: Smith Micro is part of Cramer's "mobile Internet tsunami," and he'd recommend it on any weakness.

On Thursday, Smith Micro close up 31 cents, or 2.8%, at $11.25.

-- Written by Rebecca Corvino in New York.