Cramer's 'Mad Money' Follow-Up: Panera

Jim Cramer says the stock was unfairly punished yesterday.
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On Wednesday's "Mad Money" TV show, Jim Cramer interviewed Agnico-Eagle CEO Sean Boyd and discussed the company's the outlook for gold. Boyd said Agnico owns all of its gold reserves, which means it can expand from current spaces rather than rely on starting new mines. He also expressed pride at the company's 27-year dividend.

Cramer said he liked

Agnico-Eagle Mines

(AEM) - Get Report

and the

SPDR Gold Trust

(GLD) - Get Report

and said that gold is a responsible investment.

On Thursday, Agnico lost $1.91, or 4.2%, to close at $44.11. SPDR Gold Trust was off $1.06, or 1.2%, to close at $87.27.

Cramer also spoke with

Panera Bread

(PNRA)

CEO Ron Shaich about that company's quarterly earnings report. The company's earnings were strong, but the stock plunged on Wednesday.

Cramer likes Panera and considers it an investment opportunity. The stock closed up 64 cents, or 1.2%, to $56.01 on Thursday.

He said that the action on Wednesday in

Dendreon

(DNDN)

seemed like a short squeeze. "I'm inclined to sell, sell, sell," he said.

Dendreon lost $1.74, or 7.6%, to close at $21.20 on Thursday.

Wal-Mart

(WMT) - Get Report

, which Cramer owns for his

Action Alerts PLUS

charitable trust, "is going to stall a little here," he said, because "people want the exciting growth stocks."

On Thursday, Wal-Mart traded down 5 cents to close at $50.40.

Cramer said he was "worried" about steel stocks, including

Nucor

(NUE) - Get Report

, which he said had the best product profile. "I don't think it's going to do well," he said. "I'm not a buyer."

Nucor added $2.07, or 5.4%, to close at $40.69 on Thursday.

Cramer told viewers that he'd rather be in

ConocoPhillips

(COP) - Get Report

and

BP

(BP) - Get Report

, both of which he owns for Action Alerts PLUS, than in

Canadian Natural Resources

(CNQ) - Get Report

. "I'm not going to stray from those, he said.

On Thursday, ConocoPhillips closed down 51 cents, or 1.2%, at $41, and BP closed lost 65 cents, or 1.5%, to $42.46. Canadian Natural was down 19 cents at $46.11.

At the time of publication, Cramer was long BP, ConocoPhillips and Wal-Mart.

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

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