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NEW YORK (TheStreet) -- With the Dow Jones Industrial Average approaching another milestone, Jim Cramer told his Mad Money viewers Wednesday he can still make a case for the top five stocks that helped propel the average to these lofty heights.
Cramer said Caterpillar (CAT), Walt Disney (DIS), Intel (INTC), Merck (MRK) and even Cisco (CSCO) are still strong buys.
Cramer told viewers that it's only natural to think you missed the move in a stock that's already up big, but in the case of Caterpillar this stock still hasn't reached its 2011 highs and the world's economy will surely be stronger six months from now. At 15 times earnings, Cramer said investors have not missed Caterpillar.
Cramer said while Disney is not cheap at current levels, the company does have a lot going for it including several billion dollar sequels from its movie powerhouses including Marvell, Pixar and Lucasfilms.
Intel is another stock that helped power the Dow from 16,000 to 17,000, yet this stock is still cheapand has a 2.9% yield and a solid balance sheet with better than expected earnings, Cramer said. Also in the high-yield camp, Merck, which also sports a 3% yield but still trades at a discount to the rest of the market. Cramer said this company's animal health business alone makes Merck an attractive stock.
Finally, there's Cisco, which delivered an upside surprise with great visibility in its earnings. Cramer said Cisco also has a 3% yield, a terrific balance sheet and trades at just 12 times earnings.
Should You Own JPMorgan Chase?
Is JPMorgan Chase (JPM - Get Report) a buy after announcing CEO Jamie Dimon has throat cancer? Cramer said he's been pondering that question because JPMorgan is a stock which he owns for his charitable trust, Action Alerts PLUS.
After careful analysis, Cramer said he's still a buyer of JPMorgan. He said the company's release included the phrase "curable" cancer, which means Dimon's doctors must have a lot of confidence that his condition is indeed curable.