Cramer's 'Mad Money' Recap: Big Blue Ballyhoo

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There are brighter days ahead for the Dow Jones, Jim Cramer told viewers of his "Mad Money" TV show Thursday.

It may seem unlikely after today's "horrible action," but Cramer said he still believes the Dow will reach his target of 14,548 by year-end. Annually, Cramer gives his predictions for the Dow, and last year the Dow closed at 12,463, only 7 points below his target of 12,470.

The 30 stocks that the Dow comprises should take this index higher, he said, and all week Cramer has been assessing six Dow stocks a day.

He started today's segment with IBM (IBM Quote). At the beginning of the year, he'd said that it could trade at $110.

IBM has a "strong, smart" dividend and buyback program, and looking at its accelerated growth rate here, Cramer now feels it could go to $114.

Johnson & Johnson (JNJ Quote), on the other hand, despite Warren Buffett's buying of the stock, has been a "loser," he said. The stock is "flatlining," and Cramer believes that nothing can save it here. "It should remain where it is, $63."

JPMorgan (JPM Quote) is a stock that has already taken out Cramer's price target. He called the company's CEO Jamie Dimon "a great banker" but said Dimon hasn't been able to bring out the stock's true value because he's been "handicapped" by Fed Chairman Ben Bernanke.

Cramer said he expects three more points of upside at JPMorgan, and then he would declare victory.