Cramer's 'Mad Money' Follow-Up: Feb. 24 - TheStreet

Cramer's 'Mad Money' Follow-Up: Feb. 24

Here's how some of Tuesday's 'Mad Money' stocks fared on Wednesday.
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

Tuesday's "Mad Money" show

fared today.

Home Depot

(HD) - Get Report

: Cramer said that even among the confusion of the

Toyota

(TM) - Get Report

recalls, Washington's attacks on banks and the health care package Obama continues to try to push through, companies such as Home Depot are still doing well. He owns the stock for his

Action Alerts PLUS

charitable trust and noted that not only did it report an earnings beat, but it also increased its dividend, which Cramer said is the ultimate sign of a company's confidence.

On Wednesday, Home Depot added 61 cents, or 2%, to close at $31.36.

Chesapeake Energy

(CHK) - Get Report

: Cramer spoke with Chesapeake Chairman and CEO Aubrey McClendon, who maintained that Chesapeake is not abandoning natural gas for oil and will remain a nat gas company. Rather, the company is shifting some of its resources to oil, which currently has great profit potential.

Cramer once again gave his stamp of approval to Chesapeake.

On Wednesday, Chesapeake closed up 24 cents, or 0.9%, at $26.54.

Verizon

(VZ) - Get Report

: Cramer spoke with Verizon Vice President and CFO John Killian, who assured Cramer that the company could pay and even raise its 5.6% dividend. Killian also said that the company already spends more than $7 billion a year to improve its wireless network, so it won't need to increase capital expenditures in order to support new devices.

On Wednesday, Verizon gained 22 cents, or 0.8%, to close at $28.96.

Seagate

(STX) - Get Report

: Cramer told viewers that Seagate has more momentum than

Western Digital

(WDC) - Get Report

and that in spite of an upcoming strong quarter,

Cisco

(CSCO) - Get Report

seems stuck.

On Wednesday, Seagate slid 83 cents, or 4.1%, to $19.50, while Western Digital lost $1.85, or 4.5%, to $38.99, and Cisco added 29 cents, or 1.2%, to close at $24.34.

Amazon

(AMZN) - Get Report

: Cramer gave Amazon a $110 price target and said

Joy Global

(JOYG)

could be on its way lower.

On Wednesday, Amazon closed up $2.48, or 2.1%, at $119.72, while Joy Global added 82 cents, or 1.7%, to close at $49.52.

Want more Cramer? Check out Jim's rules and commandments forinvesting from his latest book by

clicking here.

RELATED LINKS:

>>Rocket Stocks for the Week

>>Cramer's Take on Headline Stocks

>> Cramer's Mobile Internet Index

Follow Stockpickr on

Twitter

and become a fan on

Facebook.

At the time of publication, Cramer was long Home Depot and Cisco.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click

here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click

here to order his book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.