Cramer's 'Mad Money' Follow-Up: Jan. 27 - TheStreet

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.

Apple

(AAPL) - Get Report

: Cramer told Apple-owners to prepare for a decline in the stock due to its

Apple iPad launch

on Wednesday, as usually happens when the company launches a new product, but he said it also provided a buying opportunity. By Friday, he said, the product-launch selloff trend should pass, and he reiterated his $300 price target on the stock. He said Apple is still his favorite

mobile Internet stock

.

On Wednesday, Apple added $1.94, or 0.9%, to close at $207.88.

Starbucks

(SBUX) - Get Report

: Cramer said there's still more upside in Starbucks, which was up 214% at the time of his Tuesday show from the stock's lows in 2008. He told current investors to take some profits but leave a sizable position in Starbucks on the table.

On Wednesday, Starbucks closed off 13 cents, or 0.6%, at $22.41.

Allos Therapeuctics

( ALTH): Cramer said he wasn't worried about insider selling in Allos, and he told viewers to stick with the stock.

On Wednesday, Allos added 8 cents, or 1.1%, to $7.26.

Applied Materials

(AMAT) - Get Report

: In his

"Lightning Round"

segment, Cramer said he'd previously thought Applied Materials was breaking out, but it had come back in. He said that since he likes

Intel

(INTC) - Get Report

, "how can I not like Applied Materials?"

On Wednesday, Applied Materials closed up 39 cents, or 3.1%, at $13.04, while Intel gained 24 cents, or 1.2%, to $20.24.

Flextronics

(FLEX) - Get Report

: Cramer called Flextronics "the king of contract manufacturing." "I want to own it since there is so much business going on in computers," he said.

On Wednesday, Flextronics picked up 53 cents, or 8.1%, to close at $7.10.

RELATED LINKS:

>>Cramer's Mobile Internet Index

>>Household Name Short Squeezes

>>Who will buy the Apple iPad?

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At the time of publication, Cramer was long Apple and Intel.

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.

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