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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
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
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.
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.
Verizon(VZ) will likely play catchup this year, while
United Healthcare(UNH) will do poorly without job creation.
Then there were the dogs of the Dow, the under-performers. Cramer was bullish on
Johnson & Johnson(JNJ) and
IBM(IBM), another Action Alerts PLUS name, and felt that
Coca-Cola(KO) should be able to beat its 3.6% gain in 2012, as should
Boeing(BA) given the aerospace cycle. His only worry is
Microsoft(MSFT), a stock he said is "hard to love."
Cramer was lukewarm on
Exxon Mobil(XOM) and
Chevron(CVX), but gave Chevron, an Action Alerts PLUS name, the edge. He was bearish on
DuPont(DD) and said he doesn't trust