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There are brighter days ahead for the

Dow Jones

, Jim Cramer told viewers of his "Mad Money" TV show Thursday.

It may seem unlikely after today's "horrible action," but Cramer said he still believes the Dow will reach his target of 14,548 by year-end. Annually, Cramer gives his predictions for the Dow, and last year

the Dow closed at 12,463, only 7 points below his target of 12,470.

The 30 stocks that the Dow comprises should take this index higher, he said, and all week Cramer has been assessing six Dow stocks a day.

He started today's segment with

IBM

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

.

At the beginning of the year, he'd said that it could trade at $110.

IBM has a "strong, smart" dividend and buyback program, and looking at its accelerated growth rate here, Cramer now feels it could go to $114.

Johnson & Johnson

(JNJ) - Get Johnson & Johnson (JNJ) Report

, on the other hand, despite Warren Buffett's buying of the stock, has been a "loser," he said. The stock is "flatlining," and Cramer believes that nothing can save it here. "It should remain where it is, $63."

JPMorgan

(JPM) - Get JPMorgan Chase & Co. (JPM) Report

is a stock that has already taken out Cramer's price target. He called the company's CEO Jamie Dimon "a great banker" but said Dimon hasn't been able to bring out the stock's true value because he's been "handicapped" by

Fed

Chairman Ben Bernanke.

Cramer said he expects three more points of upside at JPMorgan, and then he would declare victory.

McDonald's

(MCD) - Get McDonald's Corporation (MCD) Report

, Cramer went on to say, is also "capped." He called it a "single-digit grower" and predicted that it would top out at $55.

Merck

(MRK) - Get Merck & Co., Inc. (MRK) Report

, he said, is a Dow stock with "real momentum." However, this stock has also surpassed Cramer's original price target, and he feels its valuation is "stretched." It's probably done going up here, Cramer said.

Moving on with

Microsoft

(MSFT) - Get Microsoft Corporation (MSFT) Report

, Cramer said he had been "so bullish on" Mr. Softee and thought it could trade at $35. But he was "clearly" wrong.

Cramer said that "$35 is a stretch," but not so much that he's changing his target. Cramer sees more underpromising and overdelivering (UPOD, in Cramer-speak) going on at Microsoft in the future.

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A Tale of Two Internet Stocks

Google

(GOOG) - Get Alphabet Inc. Class C Report

is on its way up because

Amazon

(AMZN) - Get Amazon.com, Inc. Report

is going higher, Cramer told viewers.

He believes that Google, on the conservative side, could see $600. Amazon going higher serves as a catalyst for Google because of one word, Cramer said: "contrast." Google has become the "cheapest" of all the Internet stocks Cramer follows, and by contrast, Amazon's ascent makes Google look cheap.

"We use metrics to value," and on those metrics, Amazon is way more expensive now than Google, even though Google has better growth and better prospects, Cramer explained. "The momentum may be back for Google -- and you have to anticipate it because of what happened to Amazon."

Amazon has a sales growth of 33% and an operating margin of 4.8%, he said. In comparison, Google has 63% sales growth and a 33% operating margin. "Google is the better, higher-growth company," Cramer said. "It's half as cheap as Amazon."

If Google were to get the same valuation as Amazon, Google would be trading at $704, he said. At the same time, Cramer advised against selling Amazon, because there are "way too many shorts that need to cover" the stock. "That said, the time is finally the right time to buy Google," Cramer said.

Sell Block: Lock Cramer Up

During his "Sell Block" segment, Cramer said he got "cocky" last week because lately he had nailed a few of his weekly game plans. And in last week's "hubris"-filled game plan, Cramer said he "broke the rules" because of this cockiness.

"Technology cannot be purchased before we get to August," he said. But because he was blinded with overconfidence, Cramer recommended

CA

(CA) - Get CA, Inc. Report

. Accounting irregularities aside, CA's fundamentals are not those of a stock worth owning, he said.

The silliness didn't stop there. After CA, Cramer recommended "one of the worst-performing stocks of the week,"

Analog Devices

(ADI) - Get Analog Devices, Inc. Report

.

He said he liked ADI because

Texas Instruments

(TXN) - Get Texas Instruments Incorporated Report

TheStreet Recommends

had one of the best quarters on the Street, and he thought ADI could follow.

The key word Cramer said he forgot about here was "competition." TXN is doing well, but it's at the expense of ADI. Plus, ADI was downgraded Wednesday because "opportunities in its core markets are shrinking," he said.

"Don't get arrogant, and you won't repeat Cramer's stupid mistakes in CA and ADI," he said, taking bites out of a couple of toy crows.

In his "Mad Mail" segment, Cramer told a viewer not to sell

Taser

(TASR)

and that he likes it.

Responding to another mailer, Cramer said he considers

National Oilwell Varco

(NOV) - Get National Oilwell Varco, Inc. (NOV) Report

still the "best in show."

During the "Sudden Death" round, Cramer was bearish on

Commerce Bancorp

(CBH) - Get AllianzGI Convertible & Income 2024 Target Term Fund Report

.

Lightning Round

Cramer was bullish on

Apple

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

,

Alcoa

(AA) - Get Alcoa Corp. Report

,

Sony

(SNE) - Get SONY GROUP CORPORATION SPONSORED ADR Report

,

Pall

(PLL) - Get Piedmont Lithium Ltd Sponsored ADR Report

,

Tetra Tech

(TTEK) - Get Tetra Tech, Inc. Report

and

NYSE Euronext

(NYX)

.

Cramer was bearish on

Resources Connection

(RECN) - Get Resources Connection, Inc. Report

,

Skechers USA

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

,

Calgon Carbon

(CCC) - Get Clarivate Analytics Plc Report

and

Verasun Energy

(VSE)

.

For more of Cramer's insights during the Lightning Round, click here

.

Want more Cramer? Check out Jim's rules and commandments for investing from his popular book by

clicking here

.

At the time of publication, Cramer was long NYSE Euronext.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.