Cramer's 'Mad Money' Recap: The Dow Dissected

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With six months left this year, Jim Cramer sees the Dow Jones rising another 1,000 points to 14,548 by year-end, he told viewers of his "Mad Money" TV show Friday.

He said he doesn't randomly pick this number out of a hat but instead performs a full bottom-up analysis of the 30 stocks in the Dow. Last year, the Dow closed at 12,463, just 7 points below Cramer's target of 12,470.

On the final installment of his Dow Jones rundown, Cramer started with Pfizer (PFE Quote), a stock he said has been "stuck in the mud" as of late.

"Owning it is like owning a bond, with a tad more upside," he said, adding that the recent management changes have done little to excite him.

Moving on, Procter & Gamble (PG Quote), Cramer said, could give people a couple of points gain, but not much else.

At beginning of the year, he said, he thought this stock could trade at $67 because of organic growth and the weak dollar, but that was too bullish.

On the other hand, Cramer said, he started the year being bearish on United Technologies (UTX Quote), a "great" stock. "That was wrong," he said.

United Technologies has a big international presence, and all of its divisions are in "hyper-drive," which makes this one a triple buy, Cramer said. "It should be able to go to $73 without a problem."