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.
American Express ( AXP): First on his list of the worst-performing Dow stocks was American Express, down 2% on the year. But according to Cramer, the stock's in the right spot now and is heading higher, toward $45 a share. On Wednesday, American Express added 2 cents to close at $39.72. Exxon ( XOM): Cramer said Exxon, also down 2%, is problematic, but not so for Chevron ( CVX), which Cramer owns for his Action Alerts PLUS charitable trust. He said Chevron was headed to $80 a share. On Wednesday, Exxon closed up 44 cents, or 0.7%, at $67.22, while Chevron slid 34 cents, or 0.5%, to close at $73.96. Alcoa ( AA): Cramer liked Alcoa's cash flow, but he said he's not a fan of the stock, which is down 15.2% on the year, the worst performer in the Dow. On Wednesday, Alcoa closed off 10 cents, or 0.7%, at $13.57. Tanger Factory Outlet ( SKT): Cramer spoke with Tanger President and CEO Steve Tanger, who spoke of the company's growth, including its addition of upscale brands such as Saks ( SKS). He pointed out that the company's outlets are located in stable markets not enslaved by airfare and currency whims, and he said the company's balance sheet is a "fortress." Cramer called Tanger a winner. On Wednesday, Tanger lost 26 cents, or 0.6%, to close at $43.04. Financial Select Sector SPDR ( XLF): Cramer agreed with his colleague L.A. Little that a big financial rally was in the cards, but Cramer said he was not a fan of the Financial Select Sector SPDR ETF. Instead, he recommended what he called the best stock in the group, JPMorgan ( JPM), which Cramer owns for Action Alerts PLUS. He said the company is the best-run and the most well-capitalized. On Wednesday, XLF added 17 cents, or 1.1%, to close at $15.47, while JPMorgan closed up 51 cents, or 1.2%, at $42.93. Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.
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