Cramer's 'Mad Money' Follow-Up: July 28 - TheStreet

Cramer's 'Mad Money' Follow-Up: July 28

Here's how some of Monday's 'Mad Money' stocks did on Tuesday.
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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

Monday's "Mad Money" show

fared today.

Wells Fargo

(WFC) - Get Report

: Cramer said the market was overbought and in store for a gradual selloff. With this in mind, he recommended bank stocks such as Wells Fargo and

Bank of America

(BAC) - Get Report

, both of which he owns for his

Action Alerts PLUS charitable trust. On Tuesday, Wells Fargo added 30 cents, or 1.2%, to close at $24.52, while Bank of America added 25 cents, or 1.9%, to $13.34.

Abbott Labs

(ABT) - Get Report

: Health care was another sector Cramer recommended on his prediction of a gradual selloff. In particular, he liked Abbott and

Bristol-Myers

(BMY) - Get Report

, two more Action Alerts PLUS stocks. On Tuesday, Abbott closed up 40 cents, or 0.9%, at $45.43, while Bristol slid 20 cents, or 0.9%, to $21.18.

Apple

(AAPL) - Get Report

: Cramer said he still likes Apple and other tech stocks, including

Research In Motion

(RIMM)

and

Qualcomm

(QCOM) - Get Report

, as plays on mobile Internet and the smartphone. He said the rallying in these stocks is not over yet. Cramer owns Qualcomm for Action Alerts PLUS. On Tuesday, Apple closed down 10 cents at $160; RIM lost 64 cents, or 0.8%, to $76.90; and Qualcomm slid 12 cents to $46.36.

--Rebecca Corvino is based in New York.