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Jim Cramer's Mad Dash: Looking at GE, Bank of America, Macy's

NEW YORK (TheStreet) -- On CNBC's "Cramer's Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, took a look at a number of different stocks, the first of which was Bank of America (BAC - Get Report)

The company raised its quarterly dividend from 1 cent to 5 cents, its first increase in seven years. 

Read More: Brinker International, Keurig, HSN, Transocean, 3 Others Set to Report

The stock can continue to climb, Cramer reasoned, but it will likely struggle due to falling rates on the 10-year treasury bond. 

Turning to retail stocks, Morgan Stanley's top pick is Macy's (M - Get Report). Cramer said that even though the stock trades at just 12 times earnings, investors should be careful investing in this industry.

Finally, in regards to General Electric (GE - Get Report), he said the stock's downside risk is likely to $24, while the potential upside is to $30. 

Read More: Groupon Plunges: What Wall Street's Saying

The stock has been in a funk, but has some of the best organic growth in the industrial sector. If that growth can find its way to the bottom line, the stock price will climb, he concluded. 

-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS held positions in GE and BAC.

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SYM TRADE IT LAST %CHG
BAC $15.56 0.00%
GE $27.25 0.00%
M $66.45 0.00%
AAPL $124.75 0.00%
FB $80.78 0.00%

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