On August 3, “Mad Money” host Jim Cramer recommended the following five stocks. I agree with him on four of the calls. However, there’s one I think he’s wrong about. Read on for more details:

Allergan, Inc. (AGN) is a multi-specialty health care company focused on developing and commercializing pharmaceuticals, biologics, medical devices and over-the-counter products. The stock summary shows a 52-week low and high of $64.36 – $85.74. On August 1, just before Cramer’s recommendation, the stock opened the trading day at $81.74, reached a high of $81.97 and finally closed at $79.95. Since August 1, the stock price have showed considerable improvement and are increasing on a gradual basis. The announced dividend was $0.05 on August 16. The EPS for the company is negative at the moment, but a dividend declaration by the company’s board of directors might offset the negative sentiment due to its negative earnings per share. Sometimes companies announce dividends to signal a positive message regarding the company’s future returns. Since the stock price has continued to appreciate over time I recommend the stock as a buy.

Carrizo Oil & Gas, Inc. (CRZO) is an independent energy company. The 52-week low and high for the stock was recorded at $21.96 – $44.17. Since July, the stock price has been declining. On August 1, the stock opened the trading day at $39.15 and closed at $38.81. The volume of shares traded was 968,400. The main reason for the decline in price was the war in Libya, which is one of the most oil rich nations in the world. To continue reading, click here.