Cramer's 'Mad Money' Recap: Bet on the Thoroughbreds
NEW YORK (TheStreet) -- The dogs will remain dogs, but the thoroughbreds are still worth betting on. That was Jim Cramer's assessment of the Dow Jones Industrial Average going into 2013.
Cramer told his "Mad Money" viewers Thursday that 2013 should be a lot better than 2012 for the Dow, and he gave a quick assessment of all the Dow stocks to show why.
Starting from the best performers in 2012, Cramer said that Bank Of America (BAC) remains cheap, despite its 108% gain last year. Bigger gains will come, he said, as the housing recovery continues. Home Depot (HD) continues to take market share, which makes that stock a winner as well.
Cramer said that Walt Disney (DIS) can extend its 32% rally last year thanks to strong attendance at its parks and strong entertainment properties. And while he's not as bullish on JPMorgan Chase (JPM) , American Express (AXP) and Travelers (TRV) , Cramer expects all three to still have a good 2013.
Cramer was also bullish on General Electric (GE) , a stock he owns for his charitable trust, Action Alerts PLUS, along with Pfizer (PFE) , 3M (MMM) and United Technologies (UTX) , all stocks he said should be able to at least match last year's slow-growth performance.
His only bearish call in the slow-growth group, Wal-Mart, in the face of a weaker U.S. consumer going into 2013.
Cramer said AT&T (T) will allow investors to sleep at night, while Cisco (CSCO) should see its shares rise in 2013. Meanwhile, Merck (MRK) needs a big catalyst to match its 8.6% performance last year and Cramer doesn't see one.