Numerous empirical studies examine investment advisory services and find statistically significant abnormal returns around publication or broadcast of investment recommendations.
This research finds companies which were recommended buys by Mr.
Cramer during the Lightning Round consistently have abnormal stock movement before and after the on-air mention, however investors' reactions to the recommendations do not create an exploitable trading strategy.
Sixty one year old Jim Cramer has not only achieved success and earned a wonderful net worth, he has been an example to many youths and is taken as an inspiration.
He and his success have inspired many people from all around the world.
He is best known as a co-founder of The Street, Inc and host of CNBC's Mad Money.