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.
General Electric ( GE): Cramer said that the switch to a smart energy grid won't have much impact on a company as big as GE, but it will on one such as Itron ( ITRI), a leader in smart-power meters. Cramer said he made a mistake recommending the stock in April at $100 a share, but he's ready to recommend it again now that GE's rollout of its first smart-energy appliance signals that the transition is coming. On Tuesday, Itron closed up 63 cents, or 1.1%, at $57.41, while GE lost 26 cents, or 1.6%, to $15.58. Cisco ( CSCO): Cramer told a viewer to take the profits from selling Starent ( STAR) and put them into its acquirer, Cisco.
Cramer's Upcoming Book Signings
Tuesday , Oct. 20, 7 p.m. Mendham Books, Mendham, NJ(84 East Main St.)
Tuesday , Nov. 17, 7 p.m. Barnes & Noble, Manhattan(33 East 17th St.)