Cramer's 'Mad Money' Follow-Up: July 15

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.

Viacom ( VIA-B): Cramer said that Viacom shares are too cheap. Its Spongebob Squarepants franchise is worth about $8 billion, accounting for two-thirds of Viacom's total enterprise value. Its other properties include cable channels MTV and Comedy Central and the Transformers franchise. Cramer didn't identify a positive catalyst for Viacom, but he said the stock is undervalued. On Wednesday, shares rose $1.08, or 5.2%, to close at $22.07.

Chevron ( CVX): With the energy sector set to move higher, Cramer recommended buying best-of-breed energy stocks such as Chevron. On Wednesday, Chevron closed up $1.57, or 2.5%, at $64.57.

Federal Realty Investment Trust ( FRT): According to Federal Realty President and CEO Don Wood, an investment portfolio should contain commercial real estate. He noted that Federal Realty has raised its dividend yearly since 1967. Cramer said the stock is a buy. On Wednesday, Federal Realty added $1.91, or 3.8%, to close at $52.68.

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