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Jim Cramer's Portfolios of the Week

Here are the stocks Jim Cramer's been talking about lately.

Despite the past few days, Jim Cramer reaffirmed his bullish stance: He says this market has "gusto," and he feels there is still plenty of room to run. He pointed out that the bears have an especially long road ahead, given his call for the Dow to move up another 1,000 points.

He still believes the drillers are the place to be, not to mention his new favorite plays, machinery stocks. Regardless, there are plenty of ways to make money in this environment, and Jim shared his knowledge with us, including a rundown of all the Dow components.

Here are some of the highlights from Jim over the past week (aggregated from

Mad Money

,

Stop Trading!

and his articles):

Cramer's Dow Plays

: On the May 21

Mad Money

show, Cramer began his weeklong series on the Dow components.

Cramer believes the index will reach 14,548 this year, and he sees it climbing nearly 500 points in the next three months and then another 500 in the November-December rally that he predicts will come. The Dow closed Tuesday at 13,540.

Cramer didn't pull the estimate "out of thin air," he said, but rather arrived at it after doing a bottom-up analysis of all the 30 stocks in the Dow by determining what price each stock is likely to reach by the end of the year. Here is his analysis of

all Dow stocks

, which include

Microsoft

(MSFT) - Get Microsoft Corporation (MSFT) Report

,

IBM

(IBM) - Get International Business Machines (IBM) Report

and

General Electric

(GE) - Get General Electric Company (GE) Report

.

Cramer's Machinery Stocks

: Did we really think that

Deere

(DE) - Get Deere & Company Report

wouldn't come roaring back? Are we really worried about

Caterpillar

(CAT) - Get Caterpillar Inc. Report

, with infrastructure running again (

Foster Wheeler

almost at par!)?

Shouldn't we be buying

Parker Hannifin

(PH) - Get Parker-Hannifin Corporation Report

before it gets to par and piling into

Ingersoll Rand

(IR) - Get Ingersoll-Rand Plc (IR) Report

, which, unlike the last time it was at this price, now has a fabulous non-housing story?

I mention all of these because people don't understand that machinery is the new tech, the new pharma. Here are his favorite

Machinery Stocks

.

Cramer's Drilling Stocks

: Cramer has been on the drilling sector for some time now, and he reiterated his bullish position this past week, asking, "Can the market get enough

TheStreet Recommends

Transocean

(RIG) - Get Transocean Ltd. Report

?

Schlumberger

(SLB) - Get Schlumberger NV Report

acts like it is 1983.

I see no signs of this abating, because the bias is that if the

Fed

has to do something, it will cut, but in the meantime the growth overseas and the need to find new oil in deeper places -- something we have been saying for a year now in these pages but is finally being listened to -- is just unabated. And driving these stocks higher all of the time." Jim's

favorite Drilling Stocks

include BHI.

Cramer's Retail Stocks

: Jim has been focused on retail stocks for a while now and he now gets it. At first, "It made so much sense. Gasoline at $3 and change. People feeling poor. The endless 'my house is not going up in price' rap. And the maxed-out-credit story that has been around for decades."

But then "it turns out that much of the weakness we saw in mainstream retailers was weather- and calendar-related. Now we are back to a little more normal situation, and while it's not great, it isn't as bad as the stocks indicate." Cramer then gave us his

Retail Stocks

which include DKS and JCP.

Cramer's Drilling Stocks

: Earlier in the week of May 20, Cramer picked the top domestic companies with heavy international exposure. He believes you can win with these "rest of world" (ROW) stocks. He likes these because they are not held hostage by the Fed, with whom Cramer is fed up (pun intended).

U.S. companies are saying this is a "no growth" country so they are moving lots of operations abroad. Jim gave us his

ROW stocks,

including CAT and FWLT.

Lightning Round:

Cramer was full speed ahead last night with his latest

Lightning Round

. He was bullish on several stocks such as

Apple

(AAPL) - Get Apple Inc. (AAPL) Report

and

NYSE Euronext

(NYX)

but also bearish on the likes of

Sketchers

(SKX) - Get Skechers U.S.A., Inc. Class A Report

and

Resources Connection

(RECN) - Get Resources Connection, Inc. Report

.

At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs several quantitative-based hedge funds as well as a fund of hedge funds. He is also the author of

Trade Like a Hedge Fund

and

Trade Like Warren Buffett

. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;

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to send him an email.

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