Cramer: Shoulda Been Even More Bullish

Stock quotes in this article: IBM , KO , JNJ , INTC , JPM , MCD , ^DJI  

This column was originally published on RealMoney on April 18 at 8:48 a.m. EDT. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.

At the beginning of the year I was predicting big double-digit gains for the Dow Jones Industrial Average in my annual forecast, a forecast that quickly got me re-branded as a ridiculous optimist.

Now I'm looking real right.

Should have been even more bullish. Take a look; there are no holes in this index. When the worst you get is a not-great number from IBM(IBM Quote), you know you are off to the races.

Coke(KO Quote) had its best quarter in a decade and will go to $60 at this pace.

Johnson & Johnson(JNJ Quote) was supposed to be weak, but instead blows numbers away on drugs that we didn't even think were doing well.

JPMorgan Chase(JPM Quote) comes out with a magnificent number, arguably the best of the banks and a heavenly dividend boost.

McDonald's(MCD Quote) is reinvigorated with a growth that we would expect from a small-cap restaurant chain, better than that!

You have to think that after that beautiful United Technologies(UTX Quote) number, the stock is ready to break out to $70.

Citigroup(C Quote) came in with its first upside surprise in ages, and the stock is on the move.

Alcoa's(AA Quote) the best Dow stock so far and it's not done. It won't be independent next year at this time -- that's my forecast and I'm sticking to it.

Intel(INTC Quote) looked good; AMD's(AMD Quote) losing share so I am not worried about that one.

Only General Electric(GE Quote) and IBM didn't do better than I was hoping, and both were upside surprises of a sort.

I think the best is yet to come, there's more great Dow ink. I believe these companies will vastly exceed the numbers:

Yep, shoulda been even more bullish.

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General Electric owns CNBC, for which Cramer is a featured commentator. At the time of publication, Cramer was long AIG and Hewlett-Packard.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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