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NEW YORK (TheStreet) -- Don't be scared away by the naysayers, Jim Cramer told his "Mad Money" TV show viewers Thursday as he kicked off the new year. Cramer said there were a lot of "obvious" things wrong in 2013, too, but in the end we ended up just fine.
Cramer reminded viewers that in 2013 the market's critics had a lot of things to crow about as well, including a debt ceiling debate, a government shutdown, "Obamacare," a slowdown in China and economic woes everywhere from Cyprus to Brazil. But how did the markets do despite these "obvious" shortcomings? Well, the Dow Jones Industrial Average ended up gaining 29.6%, including dividends, for 2013. Not too shabby.
How can that be? Cramer said it's because the naysayers forgot their basic economics, the laws of supply and demand. In 2013, we ran into a shortage of everything from commercial real estate to autos and even PCs. More importantly, there just weren't enough shares of high-quality companies out there. That, he said, leads to higher stock prices.
The cynics will never admit they're wrong, Cramer concluded, but with 2013 as our guide, 2014 is looking pretty good despite rising interest rates, a new Federal Reserve chair and a multitude of other woes.
Time to Pick Some Stocks
It looks like 2014 is going to be a great year for stock picking, Cramer told viewers, which is why he's running down the list of all 30 stocks in the Dow to see which ones should be on your shopping list this year.
American Express (AXP) - Get Report: Cramer said this stock, which he owns for his charitable trust, Action Alerts PLUS, is overvalued in the short term but will gravitate towards 17 times earnings after a pullback.
Stocks Picks, Part 2
Continuing with his in-depth look at all 30 Dow stocks, Cramer noted:
In the Lightning Round, Cramer was bullish on Hasbro (HAS) - Get Report, Dominion Resources (D) - Get Report, Duke Energy (DUK) - Get Report, Organovo Holdings (ONVO) - Get Report and GT Advanced Technologies (GTAT) .
Cramer was bearish on LeapFrog (LF) .
Stock Picks, Part 3
For his final installment of his Dow 30 assessment, Cramer made the following observations:
United Technologies: With the sequester behind it, only the strength in the company's aerospace and HVAC businesses lie ahead. Cramer sees $135 a share.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer told viewers that when it comes to all the reports and data points they're bombarded with every day, only the Labor Department's weekly payroll numbers matter to the markets.
That's how so many economically sensitive names including 3M, FedEx (FDX) - Get Report and Cummins (CMI) - Get Report, an Action Alerts PLUS holding, were able to rally in recent days. The economy is recovering, Cramer concluded, and these stocks just cannot be kept down.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.
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-- Written by Scott Rutt in Washington, D.C.
To email Scott about this article, click here: Scott Rutt
At the time of publication, Cramer's Action Alerts PLUS had a position in AXP, CAT, CMI, INTC, JNJ, JPM, NKE and PG.
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